A take-profit-market order uses a Trigger Price as a trigger. When the trigger price is reached, it triggers a market order. Make sure you learn about market orders before using take-profit-market orders.
Take-profit-market order on CoinPanel is a feature that is not available on the spot exchanges.
Take-profit-market orders do not block the coin balance, therefore you can use them to create as many orders as you like. These orders will simply trigger a market order when the price is reached.
When should you use it?
Take-profit-market can be used to set take-profit orders at your targets to secure profits when the price is reached.
How does CoinPanel handle take-profit-market orders?
When the trigger price is reached, it triggers a market order on the exchange.