Here’s a quick guide to help protect your investment:
Example:
You bought a coin called XYZ at $100, and you want to make sure you sell it if the price drops to $90 to avoid bigger losses.
Steps (App or Web):
1. Open the Binance app or sign in on the website.
2. Go to “Trading” and choose the pair you want to trade (e.g., XYZ/USDT).
3. Tap “Sell” and select “Stop-Limit” as your order type.
4. Now fill in the details:
Stop: The price that will trigger your order (e.g., 90.00)
Limit: The price you want to sell at (e.g., 89.50 — slightly lower to increase the chance of the order being filled)
Amount: Choose how much of your coin to sell (like 100% or a custom amount)
5. Tap “Sell XYZ” to confirm.
Important to Remember:
The Stop price activates the order.
The Limit price is what you're actually selling for.
Setting the Limit a bit lower than the Stop helps the order go through faster if the price is falling.
Final Recap Example:
Stop: $90.00
Limit: $89.50
Amount: 100%
Once the price hits $90, your
order will automatically try to sell at $89.50.