👮‍♂️Trailing Stop Loss Example

The market price of XYZ Token is 8,500, and you place a Trailing Stop Loss order with the following parameters:

• Trailing Delta: 5%

• Activation Price: 8,500 (Your Entry Price)

The initial trailing price is 8,075 and the last price is 8,500. The trailing price will reach 15,200 [Last Price* (1 - trailing delta)] when the price increases to 16,000.

The trailing price will stop when the price moves down. When the price moves to its peak price of 18,000, the trailing price reaches 17,100. When the price moves down, the trailing stop price stops again. When the price moves down by more than 5%, reaching or exceeding the trailing price of 17,100, a sell order for your sell percentage amount of tokens will be placed.