SL's Explained
A detailed explanation of how you can sell with Lunar SLs
1. Standard SL
Set in the Sell tab
Fixed to the initial buy amount
If you enter a SL of 20%, when the token falls 20% below your initial entry it will sell 100% of your remaining tokens and close your position
For example,
With a SL of 20%, I buy a token at 100k mcap. When the token falls 20% (80k mcap) it
will close my position and sell 100% of my remaining tokens.
If the token goes to 200k mcap, it will not sell until it falls to 80k mcap.2. TPs SL
Set in the TPs tab
Fixed based on the TP triggered
If you enter a TPSL, when the TP is reached, the new SL will override the original standard SL
For example,
With a standard SL of 20%, I buy a token at 100k mcap. When the token falls 20% (80k
mcap) it will close my position and sell 100% of my remaining tokens.
I set a TP for a 2x (200k mcap), to sell 25% of my position and a SL of 30%.
If the token goes to 200k, after selling 25%, my new SL will be 30%. If the token
falls 30% (140k) it will close my position and sell 100% of my remaining tokens.
If the token goes to 400k mcap, it will not sell until it falls to 140k mcap.The TP SL overrides and replaces the standard SL. This field is optional and you can choose to use your original SL.
3. Trailing SL (aka dynamic SL)
Set in the Sell tab
Fixed to the initial buy amount difference
If you enter a SL of 20%, when the token falls below the current price (by the trailing difference) at any point, it will sell 100% of your remaining tokens and close your position
The trailing SL will not replace your standard SL, however, it is likely to be triggered before your standard SL as it follows the tokens ATH
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