The cryptocurrency market is no stranger to converging highs and lows, and forced turnarounds and liquidations as we see in the contract market are very exciting.

Without knowing how to take profit and stop loss, you are very likely to be at a disadvantage in the crypto space.

With the Take Profit and Stop Loss features, users can set the exit price in advance (ie the Take Profit price or the Stop Loss price), so that when the target price is reached the order is triggered systematically and all positions are liquidated at the best price, to achieve the purpose of Take Profit or stop loss.

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If you do not take profits when the market rises to your expected level, you may risk losing it during a market downturn.

The same is true for the stop loss.

If you do not stop loss in time, the position is likely to be liquidated.

Therefore, by taking profits and stopping losses at the right time, investors can maximize profits and minimize losses.

It has turned out to be an effective method of controlling risk, and thus a must for anyone who seeks wealth in the cryptocurrency world.

CoinEx launches take profit and stop loss feature in perpetual contracts trading:

To improve users’ trading efficiency and experience and make trading more convenient and flexible, CoinEx launched Take Profit and Stop Loss feature today October 28, 2021 (not available on the app at the moment, currently only available on the perpetual contract trading website).

By clicking TP/SP on “Current Positions” on the Contract Trading page, you can set Take Profit or Stop Loss separately or simultaneously.

Take profit and stop loss options in “CoinEx”:

1. Liquidation of all positions is available to use Take Profit and Stop Loss.

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Before starting the Take Profit and Stop Loss setting, regardless of whether you add or reduce the position, all positions will be closed as soon as the price starts.

2. When a position is manually liquidated or when you have a zero position in this contract, the Take Profit and Stop Loss setting will be invalid automatically.

3. When the Take Profit and Stop Loss setting is triggered, all pending orders in the current market will be systematically canceled.

Users can log in to the site CoinEx To experience the Take Profit and Stop Loss feature on the perpetual trading page, and enjoy higher perpetual trading efficiency.

CoinEx will provide users with more and more diverse cryptocurrency trading services based on its comprehensive risk control system, adding more features, as well as constantly upgrading the trading system.

Official links to the platform coinex On social networks:

The official website of the platform:

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