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A take-profit attempts to sell after a rise. A stop-loss attempts to sell after a fall. Both use a market-cap target or percentage condition, then execute at the available market quote. You need a holding in the selected wallets.

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Choose the percentage reference first

Open Settings → Trade panel settings → Manual TP/SL basis. For illustration, you bought at 1m market cap and the market is now 1.5m. A 20% down target is 1.2m with Market price or 0.8m with Entry price. This reference is captured when you place a manual order; later buys do not move it. With multiple wallets, entry-based targets can differ. If entry is unavailable, Cove falls back to market and tells you.

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Create an exit order

1

Open the holding

Send /positions, check the profile, and open the token.
2

Choose the order

Tap Limit → Selling → Take profit.
3

Set the trigger and sell size

Choose By % gain or By Market cap. Enter the gain or capitalization target, then Sell % from 1–100.For example, 50 as a gain means +50%, not 50×.
4

Review and create

Check basis, target, wallets, size, and expiry. Tap Create take profit (or Create orders for multiple steps), then verify it in /orders.
An example two-step take-profit setup with sell percentages and expiry.

An example two-step take-profit setup with sell percentages and expiry.

Take-profit setup in By Market cap mode, before entering the target and sell size.

Take-profit setup in By Market cap mode, before entering the target and sell size.

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Use breakeven

In the stop-loss market-cap input, enter be or br to use your entry market cap. Set the sell size, review, and create the stop. An entry value must be available and the target must be valid. Breakeven describes the trigger, not guaranteed net recovery after fees, slippage, and price movement.

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Multiple levels and allocation

Where available, add manual steps, up to three. Review the Sell size basis: % of entry allocates slices of the position; % of remaining applies each percentage to what is left. See Auto TP/SL sell sizing. If Cove says Entry target already passed, no orders were placed for those invalid targets. Adjust the percentages and review again.

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Follow the outcome

Default expiry is 30 days. A brief price wick can trigger an order even if the market has already moved back by execution time. High impact or execution errors can prevent a fill. Check Manage orders for status, edits, and cancellation. Use Trailing stop for a moving peak-based exit, or Auto TP/SL for future buys.