Sell using a take profit and stop loss
Last updated
Last updated
Take Profit: Automatically sells your tokens when the price reaches your target profit level.
Stop Loss: Automatically sells your tokens when the price drops to your maximum acceptable loss level.
These features help you manage risk and maximize profits without constant market monitoring. You can place both "Take Profit" and "Stop Loss" orders simultaneously.
Tap on "Take Profit" or "Stop Loss".
Enter your desired percentage:
For Take Profit, set the percentage of profit at which you want to sell. (you can place multiple Take Profit orders, just make sure the total is 100% of the tokens you have)
For Stop Loss, set the percentage of loss you are willing to accept (you can place multiple stoploss orders, just make sure the total is 100% of the tokens you have)
Confirm your settings and wait for the order to execute automatically when the price reaches your set levels.
Trigger Price:
Tap the ✏️ icon next to "Trigger Price" to enter the price you want to buy at.
Example: If you set the price to $0.003, the order will only execute when the token price drops to that level.
Adjust Slippage:
Tap the ✏️ icon next to modify the slippage tolerance if needed.
Set "Tip" and "Slippage" properly (Tip: Transaction processing fee and Slippage: The difference between the price you expected and the actual price when the trade was executed)
Cancel or Edit Settings
Tap the ✏️ icon to adjust your Take Profit or Stop Loss.
Cancel the setting if you no longer want to use automatic execution.