Current Price: 104,507.00 USDT
Support level for the buy order (Limit Buy): 103,900 USDT
Stop-Loss: 101,822 USDT (about 2% below the entry price)
Take-Profit target: 107,008 USDT (2.5% above the entry price; risk:reward ratio of approximately 1:1.25)
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Order 1: Limit Buy
Type: Limit
Execution Price: 103,900 USDT
Quantity: 0.1 BTC
Target: Buy when the price touches a strong support area (103,900), after a retracement from its current levels.
> Why Limit?
Limit Buy ensures purchase only when the price reaches 103,900 USDT or lower, improving the entry point compared to the spot price.
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Order 2: Stop-Loss
Type: Stop-Market
Trigger Price: 101,822 USDT
Quantity: 0.1 BTC
Target: Automatic exit when the price breaks support strongly, to limit losses by about 2%.
> Why Stop-Market?
It converts to a Market order as soon as it reaches 101,822 USDT to ensure immediate exit at the nearest available price.
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Order 3: Take-Profit
Type: Limit
Execution Price: 107,008 USDT
Quantity: 0.1 BTC
Target: Secure profit when the price reaches a target equivalent to a risk:reward ratio of approximately 1:1.25.
> Why Limit?
To ensure the sale of 0.1 BTC at a price no less than 107,008 USDT, which proves the risk:reward ratio planned.
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Activate orders together (OCO)
1. In the Spot trading interface on BTC/USDT, choose OCO (One-Cancels-the-Other).
2. Enter Limit Buy settings, then activate OCO with the Stop-Loss and Take-Profit prices specified above.
3. Activate 2FA and ensure sufficient liquidity in your Spot wallet before confirming the orders.
In this way, when executing Limit Buy at 103,900 USDT, the system automatically activates Stop-Market orders at 101,822 and Take-Profit at 107,008 (and vice versa if one is triggered first).
Will you try this example on your account? Share your thoughts or inquiries with us!