Phantom, the Solana-focused wallet app, has introduced an exciting new feature: limit orders for its Perps trading functionality. This update allows users to enhance their perpetual futures trading experience directly within the mobile wallet.
With the launch of limit orders for Phantom Perps, users can now set take profit and stop loss triggers on their perpetual futures positions. This enables automated closures when target prices are reached, helping traders manage their risk and secure profits without constant monitoring.
One of the standout features is the intuitive drag-and-drop interface on the perp chart, which makes adjusting stop-loss and take-profit levels simple and user-friendly. This visual approach to risk management empowers users to fine-tune their strategies with ease.
Additionally, Phantom now supports the ability to add to existing perpetual futures positions. Traders can increase their exposure while maintaining consistent leverage, offering greater flexibility and control over their trades.
With these enhancements, Phantom expands beyond basic trading functionalities, introducing advanced order management tools that cater to more sophisticated trading strategies—all within a seamless Solana wallet experience.
https://bitcoinethereumnews.com/tech/phantom-launches-limit-orders-for-phantom-perps/
Be First to Comment