Essential Orders in Crypto Trading: TP, SL, and Limit
Take Profit (TP)
It is an order to automatically sell your cryptocurrency when it reaches a target price that you defined. Function: Secure your profits.
Stop Loss (SL)
It is an order to automatically sell your cryptocurrency if its price falls below a level that you set. Function: Limit your losses.
Limit Orders (Buy/Sell)
They allow you to buy or sell a cryptocurrency at a specific (or better) price that you set. The order is executed only when the market reaches that price.
* Buy Limit: Buy when the price drops to your desired level.
* Sell Limit: Sell when the price rises to your desired level.
Function: Control the entry and exit price without constant supervision.
