✅ How to Use the Stop-Limit Order on Binance Platform 🟡
🔍 Example:
Let's assume you bought a cryptocurrency called XYZ at a price of 💵 100 dollars, and you want to sell it automatically if the price drops to 📉 90 dollars to minimize losses.
📲 Steps on the Binance App or Website:
1. 🔐 Log into your Binance account from the app or browser.
2. 📈 Go to the "Trade" section and search for the currency pair like XYZ/USDT.
3. 🟥 Select "Sell," then change the order type to Stop-Limit.
🧮 You will see three fields to fill in:
⏹️ Stop: the price that triggers the sell order (e.g., 90.00)
💰 Limit: the price at which the sale will actually occur (e.g., 89.50 – make it lower than the trigger price to ensure quick execution)
📦 Amount: the quantity you want to sell (e.g., 100% or a portion of it)
After that, press the 🔴 "Sell XYZ" button to finalize the order setup.
⚠️ Important Notes:
Stop ⏹️: the price at which order execution begins
Limit 💰: the price at which the currency is offered for sale
✨ It is preferable for the Limit price to be slightly lower than the Stop to ensure the order is executed before the price drops further.
🧠 Final Example to Clarify the Concept:
| 🧾 Field | 📊 Value | |-----------|--------------| | Stop ⏹️ | 90.00 | | Limit 💰 | 89.50 | | Amount 📦 | 100% |
If the price reaches 90 dollars, the currency will be automatically offered for sale at a price of 89.50 dollars.
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