Buy Limit OrderIn the chart, a **limit position** typically refers to an order placed at a predefined price level rather than the current market price. Based on the image, here’s how limit orders might be relevant:
1. **Support & Resistance Levels**
The red horizontal line near 1.65272 suggests a key resistance or support level at which traders might place limit orders.
- Similarly, the price cluster at **1.64584 - 1.64404** could be a **support zone**, where buy limit orders might be placed.
2. **Possible Limit Orders**
- **Buy Limit Order:** Likely placed near **1.64500** (anticipating a price bounce from support).
- **Sell Limit Order:** Possible around **1.65300 - 1.65400** (expecting resistance at that level).
