What is a stop-loss?
Stop-loss orders are an essential tool for any professional trader. In the crypto market where prices may swing radically overnight, stop-loss orders can be vital, helping traders manage their risk and protect their portfolios.
A stop-loss is a sale order that triggers when the price of a token falls below a specified value.
Once a stop-loss is placed, the Bogged platform begins to monitor the price of your chosen token. If the price falls below your exit point, a sale is automatically conducted within your wallet.