✅ How to Use the Stop-Limit Order on Binance
🔍 Illustrative Example:
Let's assume you bought DOGE at a price of $30, and you want to sell it automatically if the price drops to $28 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 look for the currency pair *DOGE/USDT*.
3. Choose *"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 (example: *28.00*)
💰 *Limit*: the price at which the sale will actually occur (example: *27.80* – make it lower than the trigger price to ensure quick execution)
📦 *Amount*: the quantity you want to sell (for example: *100%* or part of it)
After that, press the *"Sell DOGE"* button to complete the order setup.
⚠️ Important Notes:
- *Stop*: the price at which the order execution starts (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 request is executed before the price drops further.
If the price of *DOGE* reaches *$28*, it will be offered for sale at *$27.80* automatically.
