Choose an order type

Automated orders wait for a condition, then attempt a trade. In Cove, targets use market capitalization or a percentage move, not an absolute token-price field.

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Which order do I need?

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Understand triggers and execution

For example, a $1 million market-cap target means the order waits for the token’s market cap to reach that level. It is not a request to trade $1 million. Once triggered, an order executes at the available market quote with applicable settings. A target does not guarantee the fill price or proceeds. Fixed take-profit and stop-loss orders can also react to a brief price wick and execute after the price has moved again. Trigger checks are typically around tens of seconds; network and market conditions can delay execution. Thin liquidity, slippage, fees, or token restrictions can prevent a fill.

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Shared controls

• Open a token → Limit, then choose Limit, DCA, or Trailing SL.
• Buy orders use USD spend; sell orders use a percentage of the holding.
• Default expiry is 30 days, with a minimum of 1 minute and maximum of 30 days.
• Native and launchpad panels do not offer these automated-order controls.
• Manage pending orders in /orders within their profile.

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Before placing several orders

Check combined spending and sell allocation, selected wallets, the manual TP/SL basis, and existing active orders. Do not assume every pending order has funds reserved: keep sufficient spendable balance and review the actual panel. DCA orders are independent market-cap triggers, not scheduled recurring purchases. Several rungs can trigger close together. After placement, open Manage orders to verify each order. Orders keep running when you close Telegram, switch profiles, or archive a profile.