$SOL #trading TP/SL

1. *Take Profit (TP)*: A price level set by a trader to automatically close a position when it reaches a certain profit target. This helps lock in gains and avoid potential losses if the market reverses.

2. *Stop Loss (SL)*: A price level set by a trader to automatically close a position when it reaches a certain loss threshold. This helps limit potential losses if the market moves against the trader's position.

In trading charts, TP and SL levels are often displayed as horizontal lines or alerts, allowing traders to manage their positions and risk more effectively.

Example:

- Buy order at

- TP set at $120 (to lock in profits if price reaches $120)

- SL set at $90 (to limit losses if price falls to $90)

By setting TP and SL levels, traders can automate their risk management and focus on other aspects of their trading strategy.