$BTC ✅ How to use the stop-limit order on the Binance platform 🟡
🔍 Illustrative example: #BinanceAlphaAlert
Let's assume you bought a cryptocurrency called XYZ at a price of 💵 100 dollars, and you want to sell it automatically if the price drops to 📉 90 dollars to reduce losses.
📲 Steps in the Binance app or website:
1. 🔐 Log in to your Binance account from the app or browser. #BTCBreaksATH110K
2. 📈 Go to the "trade" section, and search for the currency pair like XYZ/USDT.
3. 🟥 Select "sell," then change the order type to Stop-Limit.
🧮 Three fields will appear that you need to complete:
⏹️ 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 amount you want to sell (for example: 100% or a portion of it)
Then, press the 🔴 "Sell XYZ" button to complete the order setup.
⚠️ Important notes:
Stop ⏹️: the price from which the order starts to execute
Limit 💰: the price at which the cryptocurrency is offered for sale $XRP
✨ It is preferable that the limit price is slightly lower than the stop price to ensure the order executes before the price drops further.
🧠 Final example to illustrate the idea:
| 🧾 Field | 📊 Value | |-----------|--------------| | Stop ⏹️ | 90.00 | | Limit 💰 | 89.50 | | Amount 📦 | 100% |
If the price reaches 90 dollars, the cryptocurrency will be offered for sale at a price of 89.50 dollars automatically. $TRUMP