#OrderTypes101 3. Stop Loss Order

Example:

You bought BNB at a price of $500, but you want to protect yourself from losses if the price starts to drop. You place a stop loss order at $450, so the coin will be sold automatically if the price reaches this level.

4. Trailing Stop Order

Example:

You bought BNB at a price of $500, and it has now reached $600. You place a trailing stop order with a $50 difference