#OrderTypes101

Price to it or less.

3. Stop Loss Order

Example:

You bought BNB at a price of 500 dollars, but you want to protect yourself from losses if the price starts to drop. You place a stop loss order at 450 dollars, and the currency is automatically sold if the price reaches this level.

4. Trailing Stop Order

Example:

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