Hyperliquid Introduces Trailing Stop Feature for Perpetual Futures
Summary
- Hyperliquid said it has introduced a trailing stop feature for its perpetual futures market.
- The company said the feature is designed so the stop-loss trigger price moves along with the market when prices move in a direction favorable to the position.
- Hyperliquid said a market order is executed automatically when the price reverses by the user-defined amount or percentage from the high or low.
Forecast Trend Report by Period
Hyperliquid has introduced a trailing stop feature for its perpetual futures market, automatically adjusting the stop-loss level as prices move in a favorable direction.
On Sept. 21, Hyperliquid said on X, formerly Twitter, that it now supports trailing stop orders in perpetual futures trading.
The feature moves the stop-loss trigger along with the market when prices move in favor of a position. If the price then reverses from its high or low by an amount or percentage set by the user, a market order is executed automatically.
For long positions, the stop price rises based on the highest price recorded after the feature is activated. For short positions, it tracks the lowest price downward. Users can also set a separate price at which tracking begins. If they do not, the feature takes effect immediately from the current price.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.