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Adjusting the Stop Gain is locking in what you have already achieved. Your shield against greed and market reversal.
Stop Gain, also known as take profit, is a programmed order that you place in the market to automatically sell your crypto when it reaches a certain profit value.
Practical example: You bought ETH at 2,000 and set a stop gain at 2,400.
If the price reaches this value, your sell order will be executed automatically, securing profit without needing to constantly monitor.
Why use Stop Gain?
Secures profit when the price reaches your target
Prevents greed from wanting more and ending up losing everything.
Helps with discipline and execution of the strategy.
It’s the opposite of the stop loss, which serves to limit losses.
1. Take Profit Limit Order (most common)
You define:
The activation price (when the order will be triggered); And the selling price (how much you want to receive).
2. OCO (One Cancels the Other)
You can use this function to set:
A Stop Loss; And a Take Profit at the same time. So, if the asset rises, you profit. If it falls, you protect yourself.
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So, when I say ‘adjust the Stop Gain’, it means we are close to the target point, and at that moment, anything can happen, including a reversal. It’s time to watch if the asset starts to show signs of weakness and, if so, adjust the Stop Gain.
Why? Because many times the price hits the target, but does not break strongly and ends up coming back hard.
Adjusting the Stop Gain ensures that you protect part of the profit before that happens. It's simple: there's no secret, it's management.
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Okay?
I didn’t catch that, and now??? Look for videos, there are several on Binance itself explaining how to activate it in practice. There’s always a way 😉
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