Target orders are a way to buy or sell bitcoin at a specific target price. It’s a way to customize your trading activity by executing trades only if your desired price is reached.

To place a target order in the Strike app, you first need to add cash or bitcoin to your account, depending if you’re looking to buy or sell.

To place a target order, visit your Bitcoin screen and follow these steps:

1. Tap “Buy” (or “Sell”)
2. Tap Order type and select “Target order”
3. Enter your Target bitcoin price
4. Select the order’s expiration date or keep it “Open until canceled,” then tap “Next”
5. Enter the amount to trade or tap Currency Switch to denominate the trade in bitcoin (if applicable)
6. Review your order details and tap “Confirm”

If bitcoin’s price reaches your target, your order will be triggered.

When you place a target buy order, the required cash will be deducted from your balance and held in reserve until the order executes (or expires). Similarly, a target sell order will hold your bitcoin in reserve. To check your reserved funds tap on your balance breakdown button, right below your cash or bitcoin balance.

You can also review all your open orders on your bitcoin screen, which includes both recurring and target orders. If you wish to delete your target orders, simply select the order, and tap “Remove target order”. When a target order is removed, the reserved funds will be released back to your balance. Please note, orders only execute in full, not partially.

Target orders could fail to execute due to various reasons. Read more about how target orders work here.