# Limit orders

Limit orders are useful for two main use cases:

* **Buying the Dip**: You can set up a limit buy order to purchase an asset at a lower price than the current market price, allowing you to buy the dip without constant monitoring.
* **Taking Profit**: You can set up a take-profit order, which is a limit order to sell an asset at a higher price than the current market price, ensuring your assets sell automatically when they reach your target.

We're using [1inch](https://1inch.io) to offer limit orders.&#x20;

{% hint style="warning" %}
This is the only feature where you’ll need to provide approval before submitting a transaction. The approval grants 1inch permission to use your asset and execute the order you’ve specified.
{% endhint %}

In the example below, the user wants to sell $LINK at a price 10% higher than its current rate against USDC.

<figure><img src="/files/FZzHpcrIw1j6DXohoTVc" alt="" width="375"><figcaption></figcaption></figure>


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