Take profit vs stop loss.
One sells into strength, the other caps a loss. Why a sale placed above the price only ever does the first.
2 min read · Updated Sep 28, 2026Two orders, opposite jobs
A take profit sells when the price rises to a level you choose. A stop loss sells when it falls to one, to cap the loss. Both let you decide in advance instead of in the moment.
Why a sale above the price can't be a stop
A sale placed above the price only sells when buyers push the price up into it. If the price falls instead, nothing sells: the tokens wait above the market. That makes it a take profit, never a stop loss.
On Unwind, an ASAP sale follows the price down so it stays just above it, unless you set a floor. Following the price is not a stop: it still only sells when buyers lift the price into the band.
Stop losses on-chain
A Uniswap pool has no stop orders. On-chain stops are run by a bot or an app that watches the price and market-sells when it's hit, and on a thin token that can fill well below your level. Treat a stop on a small token as a best effort, not a guarantee.
Using both
Take profit into strength with a sale placed above the price, at levels you'd be glad to sell.
Decide your stop in advance, and remember that on a thin token a stop sells into the bids.
Mind the size: the larger the position next to the pool, the more a stop costs when it fires.
Questions
Does Unwind have a stop loss?
No. Unwind only sells when buyers lift the price into its band, so it never market-sells into the bids. In a falling market, an ASAP sale can still sell on the bounces, below where it started, unless you set a floor.
What happens to my sale if the price drops?
Nothing sells while the price is below your band. An ASAP sale follows it down unless you set a floor; a Target or Range sale waits for your level. Stop anytime and the unsold tokens come back with no fee.
Sell into demand.
Place your tokens above the price and let buyers take them. 0.5% only on what sells.
