✅ How to Use the Trailing Stop Tool to Protect Your Profits on Binance 🟡
Imagine you bought a crypto called XYZ for $100. You want to lock in profits if the price rises—but don’t want to set a fixed sell price. Instead, you want your sell order to move automatically with the price increase.
That’s exactly what the Trailing Stop does!
📲 How to Set It Up on Binance (App or Website):
1. 🔐 Log into your Binance account.
2. 📈 Go to the Trade section and find your trading pair (e.g., XYZ/USDT).
3. 🟩 Choose Sell, then switch the order type to Trailing Stop.
4. Fill in the fields:
• Activation Price (optional): The price where trailing starts (e.g., 105.00)
• Callback Rate: The % drop from the peak that triggers the sell (e.g., 5%)
• Amount: How much you want to sell (100% or a portion)
5. Press the 🔴 Sell XYZ button to activate your order.
⚠️ Key Points:
• The trailing stop automatically moves up as the price increases.
• When the price falls by your set callback rate from its highest point, it sells.
• No need to watch the market constantly — it works on autopilot to protect your profits.
If the price climbs to $110 and then drops by 5%, your sell triggers around $104.50 — locking in your profit.