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What is Stop Loss?

You will use Stop-loss order when you want to
  • Buy at a price higher than the current price
  • Sell at a price lower than the current price
This order method is used when you want to ride a momentum price increase or when you want to cut your losses. You may not have many opportunities to use a Stop loss buy order.
  • I want to buy because the price will rise if it crosses this line....🥺
  • If it drops below this line, I have to cut my losses for not crying out loud😭
This is when you use Fungle Stop loss!

Buy at a price higher than the current price

EX: If Cake goes up to 0.015 BNB a piece, I want to buy 5 BNB worth.
In this case, the Fungle display looks like this ↓
Press "Buy" and if you see something like this, you've succeeded!
When the token reaches the specified price, the token is automatically purchased.

Sell at a price lower than the current price

EX: If the price of Cake drops to 0.005 BNB a piece, I want to sell 10 CAKE.
In this case, the Fungle display looks like this↓
Press "Sell" and if you get a message like this, you have succeeded.
When the token reaches the specified price, the token is automatically sold.
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