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How to set up stop-loss and take-profit orders

Coin Telegraph LogoCoin Telegraph11h ago

How to set up stop-loss and take-profit orders - Coin Telegraph

Quick Summary:

They help reduce losses and boost revenue by automatically buying or selling an asset when its price reaches a set level. With Bitcoin’s emergence in 2009 and its subsequent trading on exchanges, these advanced trading strategy tools became crucial for dealing with its well-known price volatility. As Bitcoin (BTC) gained traction, traders began to use stop-loss and take-profit strategies from forex and stock markets.

Moving the stop loss a bit lower, like to $87,800 instead of $88,000, will probably trigger the order more effectively. BTC trailing stop lossA trailing stop-loss order automatically adjusts a stop-loss price as the market price moves in a profitable direction to lock in profits and limit losses by following a trade’s price.

Importance of stop loss and take profit for Bitcoin tradingBitcoin’s wild price changes make stop-loss and take-profit orders important.

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Article Details

Author / Journalist: Cointelegraph by Emi Lacapra

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 16:23:53 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1154 words

Reading Time: 7 minutes read

Sentences: 76 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28367073

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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