#OrderTypes101

🔻 Stop-Loss Order (SL)

Purpose: Minimize losses if the price moves against you.

How it works: You set a trigger price. If the crypto drops to this level, the platform automatically sells it.

Example: You buy Bitcoin at $30,000 and set a stop-loss at $28,000. If BTC falls to $28,000, the system sells your position to limit your loss.

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📈 Take-Profit Order (TP)

Purpose: Lock in profits when your target price is hit.

How it works: You set a trigger price above your buy price. When the price is reached, it sells automatically.

Example: You bought Ethereum at $2,500 and set a take-profit at $2,800. When the price hits $2,800, it sells to secure your gains.