There is an advanced feature called One Cancels Other (OCO) which is the best of all because it allows you to place two orders at the same time #TrumpConsidersEndingIranConflict
A sell order for profit for example if the price rises by 10% $BTC
A sell order for stop-loss for example if the price drops by 5% so you don't lose more whichever is fulfilled first automatically cancels the other.
$BTC
A sell order for profit for example if the price rises by 10% $BTC
A sell order for stop-loss for example if the price drops by 5% so you don't lose more whichever is fulfilled first automatically cancels the other.
$BTC