Stop-Loss Order
What is Stop-Loss Order
When the marked price hits the trigger price selected by the user, Stop-Loss and Take-Profit conditional orders, which automatically place a mark or limit order, are triggered. The Stop-Loss/Take-Profit order will be turned into a live order and added to the order book if the marked price hits or exceeds the trigger price. The Stop-Loss/Take-Profit order will continue to be in effect up until it is canceled or triggered even if the market price does not reach the trigger price.
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