✅ How to use the Stop-Limit order on the Binance platform
🔍 Example:
Let's assume you bought DOGE at a price of $30, and you want to automatically sell it if the price drops to $28 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 *"Trade"* section and search for the currency pair *DOGE/USDT*.
3. Select *"Sell"*, then change the order type to *Stop-Limit*.
🧮 Three fields will appear that you need to fill out:
⏹️ *Stop*: the price that triggers the sell order (e.g., *28.00*)
💰 *Limit*: the price at which the sale will actually happen (e.g., *27.80* – 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 DOGE"* button to complete the order setup.
⚠️ Important notes:
- *Stop*: the price at which the order execution begins (28.00)
- *Limit*: the price at which the currency is offered for sale (27.80)
✨ 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.
If the price of *DOGE* reaches *$28*, it will automatically be offered for sale at *$27.80*.
