🎓 Crypto Tip Saturday: Mastering Stop-Limit Orders on Binance
Avoid panic selling and automate your trades with precision!
A Stop-Limit Order allows you to set a trigger price (Stop) and a specific price (Limit) at which your order will execute, giving you control over your trades.
🧠 Quick Breakdown:
Stop Price: The price that triggers your limit order.
Limit Price: The price at which your order will be executed.
Amount: The quantity of the asset you wish to buy or sell.
📱 Setting a Stop-Limit Order on Binance Mobile App:
1.Tap the Markets icon at the bottom of your app screen.
2.Select the trading pair you wish to use.
3.Ensure Advanced trading is selected at the top.
4.Tap Buy or Sell.
5.Select the Stop-Limit tab.
6.Enter your Stop Price, Limit Price, and Amount.
7.Tap Buy or Sell to place your order.
8.Confirm your order details in the pop-up window.
💻 Setting a Stop-Limit Order on Binance Web:
Log in to your Binance account and navigate to the Spot Trading interface.
1.Select your desired trading pair.
2.In the Place Order section, choose Stop-Limit.
3.Enter your Stop Price, Limit Price, and Amount.
4.Click Buy or Sell to place your order.
5.Confirm your order details in the pop-up window.