Why limit-orders are important for a crypto trader

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Few hours ago , the hive price pumped to a price which is more than 25% increase of the opening price on today's market , some people are wondering what made hive to pump at that short time , but all that is clear is that a pump occurred and some traders would have benefited from that bullish move..

Now while some traders are excited that they made profits via the pump , some traders were complaining of how they missed the opportunity from making profits from the pump..

For example I think setting limit orders would help a trader to be able to make profits when the price of hive touches the price which the trader set during the time they were taking the limit orders at their exchange, I do not know about other exchanges but I am sure that on binance , you can set limit orders when you want to trade , you enter the price at which the order should be triggered when the coin touches that price.., so if for example if you had previously set a limit order at a price of $0.65 , it means the sell order would have gone through and you would have made the trade successfully even if you are not online when the pump happened...

So the point is that setting limit orders would help you to prepare for any kind of pump which could happen on the market at anyday anytime when you even least expected...