There may some instances where a limit order may not be able to be submitted.
The Uniswap web app will not let you submit a limit order selling below or buying above the tokens current market price.
Buying tokens above market price means you are submitting a limit order to buy tokens for a price that's higher than what the tokens are currently being traded for in the market.
For example, if the market price of a token is $10 and you place a limit order to buy tokens at $11, then you are willing to pay more than the current market price. This can result in a loss of funds.
In this case, it would be better for you to submit a traditional swap.
Here is an example of what you will see if you try to buy tokens above market price:
Selling tokens below market price means you are submitting a limit order to sell your tokens for a price that's lower than what the tokens are currently being traded for in the market.
For example, if the market price of a token is $10 and you place a limit order to sell your tokens at $9, then you are willing to accept less than the current market price. This can result in a loss of funds. This would result in a loss of funds.
In this case, it would be better for you to submit a traditional swap.
Here is an example of what you will see if you try to sell tokens below market price: