✅ How to Use the Stop-Limit Order on the Binance Platform

🔍 Example:

Let's assume you bought DOGE at a price of $30 and 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. Select *"Sell"*, then change the order type to *Stop-Limit*.

🧮 You will see three fields to fill in:

⏹️ *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, click the *"Sell DOGE"* button to complete the order setup.

⚠️ Important Notes:

- *Stop*: The price at which the order starts executing (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*.

#Trading_Education #stoploss #DOGE $DOGE #