Cryptocurrency Q&A Can you set take profit on Coinbase?

Can you set take profit on Coinbase?

JejuJoyful JejuJoyful Wed Dec 04 2024 | 7 answers 1210
I'm wondering if it's possible to set a take profit order on Coinbase. I want to automatically sell my coins when they reach a certain price to lock in profits. Can you set take profit on Coinbase?

7 answers

Andrea Andrea Fri Dec 06 2024
Bracket order functionality allows traders to set predefined profit and loss levels.

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Bianca Bianca Fri Dec 06 2024
For instance, you can set a take profit price at $65,001.

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KimonoGlitter KimonoGlitter Fri Dec 06 2024
Similarly, a stop loss price can be established at $59,001.

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Tommaso Tommaso Fri Dec 06 2024
When the market price of Bitcoin reaches either of these thresholds, an action is triggered.

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EthereumEliteGuard EthereumEliteGuard Thu Dec 05 2024
Specifically, a limit order to sell 1 BTC contract will be executed.

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