Take profit and stop loss (TP/SL)

Take Profit (TP) automatically closes part or all of your position at a price you choose—so you lock in gains without watching the screen.

Stop Loss (SL) automatically closes part or all of your position if price hits your safety level—so you cap downside.

Example: Long BTC at $60,000 → TP $66,000 to secure profit, SL $58,800 to limit loss. Whichever hits first will close the position (fully or partially) and cancel the other.