✅ How to set a Stop-Limit order on #Binance

📌 Example:

I bought a currency called XYZ for $100.

And you want to sell it if the price drops to $90 (Stop Loss).

📲 Steps on the Binance app or website:

Open the Binance app or log in from the browser.

Go to "Trade," then select the pair where you have the currency (for example: XYZ/USDT).

Select "Sell" from the top, then choose the order type: Stop-Limit.

Now, 3 fields will appear:

✅ Stop: the price that triggers the sell order (for example: 90.00).

✅ Limit: the price you want to sell at (for example: 89.50 — leave it a bit lower than the stop to ensure execution).

✅ Amount: the quantity you want to sell (for example: 100% or part of it).

Press "Sell XYZ."

⚠️ Important notes:

The difference between Stop and Limit:

Stop is the price that activates the order.

Limit is the actual price you sell it for.

You should keep the Limit a bit lower than the Stop to ensure the order executes quickly before the price drops further.

🛡️ Final example to confirm understanding:

Field Value Stop 90.00 Limit 89.50 Amount 100%

If the price drops to $90, the currency will be sold automatically at $89.50.