(For your information)
✅ How to use the Stop-Limit order on the Binance platform 🟡
🔍 Example:
Let's assume you bought a cryptocurrency called XYZ for 💵 100 dollars, and you want to automatically sell it if the price drops to 📉 90 dollars to minimize losses.
📲 Steps on the Binance app or website:
1. 🔐 Log in to your Binance account from the app or browser.
2. 📈 Go to the "Trading" section and look for the currency pair like XYZ/USDT.
3. 🟥 Choose "Sell", then change the order type to Stop-Limit.
🧮 Three fields will appear that you need to fill in:
⏹️ Stop: the price that triggers the sell order (example: 90.00)
💰 Limit: the price at which it will actually be sold (example: 89.50 – make it lower than the trigger price to ensure quick execution)
📦 Amount: the quantity you want to sell (for example: 100% or a part of it)
Then, press the 🔴 "Sell XYZ" button to complete setting the order.
⚠️ Important notes:
Stop ⏹️: the price at which the 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 idea:
| 🧾 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 89.50 dollars.
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#Trading_Education