04 / Stop-Loss Order on any token
a step-by-step guide on how to set a stop-loss order on any token, helping you manage risk effectively and protect your investments in volatile markets.
Last updated
a step-by-step guide on how to set a stop-loss order on any token, helping you manage risk effectively and protect your investments in volatile markets.
Last updated
Click here to start trading.
Step 1: Select the Token to Trade
On the Intentable dashboard, navigate to the “My token” tab.
Choose the token for which you want to set a stop-loss order and click on it.
Step 2: Choose "Set Stop-Loss" Option
On the pop-up window that appears, click on the "Set Stop-Loss" button.
This will open a new panel where you can specify your stop-loss conditions.
Step 3: Enter the Stop-Loss Price
Enter the price at which you want the stop-loss order to trigger. For instance, if you bought the token with 0.030 WETH, you might want to set a stop-loss at 0.015 WETH to minimize potential losses.
You can also specify the number of tokens to sell when the stop-loss condition is met. For example, as shown in the image, you could choose to sell your full balance of 6,405,162 PEPE if the value drops below 0.015 WETH.
Step 4: Set the Duration of the Stop-Loss Order
Define how long you want the stop-loss order to be active. You can set it for 24 hours, 7 days, or even longer depending on your trading strategy, *after this time frame the stop loss order will be canceled.
This feature gives you flexibility based on the token's market behavior.
Step 5: Confirm the Order
Click "Sign and activate" to finalize the stop-loss order.
Your connected wallet will prompt you to approve the transaction. Confirm the transaction to successfully set your stop-loss order.
Use Realistic Stop-Loss Levels: Set a stop-loss that gives the token room to fluctuate naturally, avoiding selling too soon due to normal market volatility.
Review Market Trends: Analyze the token’s price trends before setting a stop-loss to ensure you're choosing an effective trigger point.
Combine with Take-Profit Orders: Protect your gains by combining stop-loss orders with take-profit orders, which automatically sell your token once it reaches a certain profit level.
Setting a stop-loss order is crucial to managing risk and securing your trading strategy, especially with memecoins. With Intentable, you have the tools to trade confidently while maintaining control over your investments.
Protect your investments by setting stop-loss orders - Secure your trades here.
