πTP/SL ( Take Profit Stop Loss)
Take Profit (TP): Automatically closes a position when the token reaches a set price, allowing you to secure your profits.
Stop Loss (SL): Automatically exits a position when the token dip to a certain price, limiting your potential losses.
How it's works:
Take Profit : set at 200%
Stop Loss : set at -10%
Initial Purchase:
You buy the token when the market cap is 60k.
Take Profit mechanism :
When the market cap of the token reaches 180k, the Take Profit order automatically triggers. This means your token will be sold at this price, securing the profit based on the 200% increase from your initial purchase.
Stop Loss mechanism:
If the market cap of the token falls to 54k or lower, the Stop Loss order automatically triggers. This means your token will be sold at this price to limit losses and prevent further decline beyond the 10% threshold.
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