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Take-profit order
A take-profit order is an order to close a position automatically once the price reaches a target in your favour. For a coin you hold, it works as a sell limit order placed above the current price: it fills only at the target price or better.
What it means for you. A take-profit fills only if the market actually reaches your price. If the price stops just short and turns, nothing happens. Once it fills, any further rise is not yours. Some platforms link it to a stop-loss so that one cancels the other and some do not; check which, or both can stay live.
Sources: SEC Investor Bulletin: Understanding Order Types, CFTC Glossary · checked 4 October 2026
Limit order
A limit order is an instruction to buy or sell only at a price you set, or better. A buy limit fills only at that price or lower; a sell limit only at that price or higher.
What it means for you. A limit order caps the price you pay or accept, but the SEC notes it is not guaranteed to fill: if the market never reaches your price, nothing trades. Check whether an open order expires or stays live, since a forgotten one can fill later.
Source: SEC Investor Bulletin: Trading Basics · checked 4 October 2026