👉Let’s say you purchased a coin, let’s call it XYZ, at $150, and now you want to safeguard your profits without manually watching the chart all day. If the price starts dropping and you want to exit the position automatically before a bigger loss hits, this is where a Stop-Limit Order comes into play—a powerful risk-management tool on Binance used by smart traders.
Here’s how you can set it up step-by-step on both Mobile or Web:
Open the Binance App or log in through the official website.
Navigate to the "Trade" section and select the trading pair, for example, XYZ/USDT.
Choose the “Sell” tab and select “Stop-Limit” as your order type.
Now input your levels:
Stop Price (Trigger): e.g., $135.00 – when the price drops to this level, your order will be activated.
Limit Price (Execution): e.g., $134.20 – the actual price at which your order will be placed on the order book.
Amount: Choose how much of XYZ you want to sell—100% or a portion, depending on your strategy.
Tap “Sell XYZ” and your stop-limit order will be ready, silently waiting to activate if the market conditions are met.
Important Clarifications:
Stop: This is the price that triggers your order.
Limit: This is the minimum price you’re willing to sell for once the stop is hit.
It's ideal to set the limit slightly lower than the stop to increase the chances of your order being filled quickly in a volatile market.
Example Setup Recap:
Stop Price: $135.00
Limit Price: $134.20
Amount: 100% of your XYZ holdings
So, if XYZ drops to $135.00, your sell order will be automatically placed at $134.20—helping you exit before a deeper dip occurs, without needing to be online.
By learning how to use stop-limit orders correctly, you're adding a professional layer of protection to your trading. Stay disciplined, manage risk, and let Binance tools work in your favor.
Perfect for anyone aiming to trade smarter and avoid unnecessary losses!
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