How to Take Profit at Multiple Market Prices Using the CoinW App

Taking profits at multiple market prices is a smart trading strategy to secure gains as the market moves. Using the CoinW app, you can set multiple take-profit orders efficiently. Here’s how:

Step 1: Open Your Current Trade

1. Launch the CoinW app on your device.
   
   
2. Navigate to the trade you are currently in.
   
   

Step 2: Click “Close”

1. Tap the Close button on your open trade.
   
   
2. You will see two options: Market and Limit.
   
   

Step 3: Select “Limit” Order

1. Choose Limit to set a specific price at which you want to take profit.
   
   
2. Enter your first take-profit price. For example, if BTC/USD is trading at $17,000, you might set your first take profit at $17,200.
   
   
3. Decide what portion of your capital to sell (e.g., 50% for the first take profit).
   
   
4. Tap Close to create the order.
   
   

Step 4: Set Your Second Take Profit

1. Repeat the process: click Close, choose Limit, and enter your second take-profit price (e.g., $17,350).
   
   
2. Select the portion of remaining capital to sell (e.g., another 50%).
   
   
3. Tap Close to set the second order.
   
   

Step 5: Set Your Third Take Profit

1. Click Close, choose Limit, and enter your third take-profit price (e.g., $17,450).
   
   
2. Allocate the remaining capital (100% of what’s left).
   
   
3. Tap Close to finalize your third take-profit order.
   
   

Step 6: Monitor Your Orders

1. Your three take-profit orders will execute automatically as the market hits each limit price.
   
   
2. For example:
   
   
   • $17,200 → first 50% executed
     
     
   • $17,350 → next 50% executed
     
     
   • $17,450 → remaining capital executed
     
     

Bonus: Join CoinW Signal Group

For trading signals and guidance, join the CoinW Telegram Signal Group。Signals will suggest optimal entry and take-profit points for various trades.

Conclusion

By following this guide, you can take profit at multiple market prices on CoinW, helping you lock in gains while the market moves in your favor. Remember to set limits carefully and allocate your capital according to your trading strategy.

 

Author: Tide, YouTuber documentary maker focusing on crypto and current affairs 

 

 

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