🛑Set Stop Loss

Limit orders are accessible for both buyers/seller of Bubblebot users

To activate Limit Orders, you have to click on the Limit Order button, and you'll see options to configure Stop Loss and Take Profit.

📈 Take Profit sets the precise price at which an open position is to be closed for a profit. If the token's price doesn't reach the limit price, the take-profit order remains unfilled. For further details, please refer to this resource.

📉 Stop Loss mandates the sale of a token when it reaches a predefined price referred to as the stop price. Additional information can be found here.

The primary advantage of employing Limit Orders is that you are not required to monitor your holdings daily. Additionally, it enables you to adhere to your strategy before initiating a trade, thereby reducing the most significant adversary of a professional trader—your own emotions.

How Limit Orders Work

Limit orders are executed in a decentralized manner by liquidation bots, which monitor and close trading positions meeting the conditions of limit orders. For instance, when a trading position attains a specified target profit or stop loss percentage, any liquidation bot can trigger the Bubblebot smart contract to close that position.

The execution of limit orders is cost-free for users; the operators of liquidation bots cover the gas fees and do not receive any additional rewards or compensation for closing these positions.