I think I've only been exploring the world of crypto for about a month or so now.

I have accounts on both coinbase and binance.us.

I purchased 400 dogecoin a while ago and noticed that this week the price shot up as high as .14. Considering how cheap and volatile this crypto is, I want to use it to make a limit order just for the purpose of learning, and I think I may have figured it out. I'm making this post to explain my steps to verify I know how to do this before I create the limit order as an experiment.

I sold all 400 of my dogecoins this morning when they were worth .13 USD per coin. I now have a USD account balance 52.00 USD. I want to take this 52.00 USD and purchase as much dogecoin as I can when/if it dips back down to .12 USD per coin. Here are the steps I 'think' I should be taking to create a limit order so that my binance.us account will automatically buy 52.00 USD worth of DOGE when/if it drops back down to .12/coin:

1. Click on the trade button next to dogecoin

2. In the "buy DOGE" box on the left I fill in the following info:
    Price: 0.12
    Amount: 433
    Total: 52.00 (putting 52.00 automatically brings the "amount" of dogecoins I can get with 52.00 USD)

3. I click on the green button labeled "Buy DOGE"


4. I sit back and wait until/if DOGE ever goes back down to .12 USD/DOGE. If the prices does indeed go back down to .12, my account will somehow automatically purchase the maximum amount of Dogecoins I can get at .12/coin.

5. The result is that I will have 33 extra coins.


Did I just finished figuring out how to do this correctly?

I hate being such a noob but I gotta learn this some time.