#BTC $BTC

Tutorial: How to activate Stop Loss on Binance without freaking out later!

Imagine Stop Loss as a life buoy: it pulls you out before you sink with the ship. Let's learn how to use it:

Open Binance and go to the currency you want to sell.

Yes, the one you keep checking all the time with your heart racing.

Click on "Sell" and see where it says "Limit Order".

Touch there and select "Stop Limit". Ready, you entered "defense mode"!

Now comes the ninja part:

STOP: here you put the value at which you want Binance to be alerted. Like: "if the price drops to here, something needs to be done!"

LIMIT: is the price at which you want to sell. In other words, when the STOP is reached, the sell order will be triggered at this value here.

Example:

You have an asset that is at $30.

Set the STOP at $29.

And the LIMIT at $28.90.

Result? If the price drops to $29, Binance tries to sell at $28.90 — before it sinks further.

Choose the amount you want to sell, click on "Sell", take a deep breath... and done! Stop Loss activated.

Summary of the summary:

"If it drops to here (STOP), sell for this (LIMIT)."

Better to lose a part of the treasure than to be left with just the empty map, right?