What Is the Function of Take Profit (TP) and Stop Loss (SL) in Crypto Futures?

Take Profit (TP) and Stop Loss (SL) are exit orders on Pluang's Crypto Futures that automatically close some or all of your position once price reaches a level you set — TP locks in gains at a target price, and SL caps losses at a price you're no longer willing to hold past.

• Secure profits automatically without watching the market
• Limit losses to a level you can tolerate
• Set your exit strategy in advance, at open or on an existing position
• Set TP/SL together as OCO, or separately as Independent orders
• Multiple TP/SL orders are supported on the same position

Related questions:

Q: Do I have to set both TP and SL?
No — each is optional and independent unless submitted together as an OCO pair.

Q: What happens to TP/SL when my position is fully closed?
TP/SL orders are Reduce-Only and are automatically canceled once the position is fully closed.