👉How to Use a Trailing Stop on Binance

1_ Illustrative Example:

🛑Let's say you bought a cryptocurrency called XYZ at a price of $100, and you wish to secure profits as the price increases, but without setting a fixed sell price, you want the sell order to move automatically with the price rising.👀

This is where the Trailing Stop tool comes into play!

✅Steps on the Binance App or Website:

👉Log in to your Binance account on the app or web browser.

👉Go to the "Trade" section, and search for a trading pair like XYZ/USDT.

👉Select "Sell", then change the order type to Trailing Stop

👉Activation Price (optional); the price at which tracking be-gins (e.g., 105.00)

👉Callback Rate: the percentage below the peak price where the sell order triggers (e.g. 5%)

👉Amount: the quantity you want to sell (e.g. 100% or part of it) Then tap the "Sell XYZ" button to set up the order.

♥️Key Notes:

Trailing Stop automatically adjusts with the price if it rises.

The sell order triggers if the price drops by a certain percen-tage (callback rate) from the peak

No need to monitor the market - the tool works automatically to protect your gains.