Take profit limit

What it does: when the target (trigger) price is reached, submits a limit order at your specified limit price to take profit.

Typical use: profit-taking with tighter price control, especially around known levels.

Key parameters: trigger price, limit price, and quantity (plus time-in-force if available).

Tradeoff: stronger price control, but fills are not guaranteed if the market reverses quickly.

Example: long btc-usdc at 60,000; set trigger at 61,200 and limit at 61,250; once triggered, a limit sell is placed at 61,250 and may remain unfilled if price rejects.