alisalem20
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✅ How to use the Stop-Limit order on the Binance platform
🔍 Example:
Let's assume you bought TRX at a price of $50 and you want to sell it automatically if the price drops to $48 to reduce 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 *TRX/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 (example: *48.00*)
💰 *Limit*: the price at which the sale will actually occur (example: *47.80* – 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 TRX"* button to complete the order setup.
⚠️ Important notes:
- *Stop*: the price at which the order execution starts (48.00)
- *Limit*: the price at which the currency is offered for sale (47.80)
✨ It is preferable for the Limit price to be slightly lower than the Stop price to ensure the order is executed before the price drops further.
If the price of *TRX* reaches *$48*, it will automatically be offered for sale at *$47.80*.
🔍 Example:
Let's assume you bought TRX at a price of $50 and you want to sell it automatically if the price drops to $48 to reduce 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 *TRX/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 (example: *48.00*)
💰 *Limit*: the price at which the sale will actually occur (example: *47.80* – 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 TRX"* button to complete the order setup.
⚠️ Important notes:
- *Stop*: the price at which the order execution starts (48.00)
- *Limit*: the price at which the currency is offered for sale (47.80)
✨ It is preferable for the Limit price to be slightly lower than the Stop price to ensure the order is executed before the price drops further.
If the price of *TRX* reaches *$48*, it will automatically be offered for sale at *$47.80*.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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