Using a stop-loss order is an effective way to manage risks while trading. Here’s how to use it on Binance:

1. **Login**:

- Log in to your account on the Binance platform.

2. **Select Market**:

- Go to the trading page and choose the pair you want to trade (e.g., BTC/USDT).

3. **Specify Order Type**:

- Choose "Stop Order" or "Stop-Limit" as needed.

- In a stop order, you can specify a "Stop" price and a "Limit" price.

4. **Set Stop-Loss Price**:

- Enter the price at which you want the stop-loss order to be triggered.

5. **Set Limit Price**:

- Enter the price at which you want the trade to be executed after the stop-loss order is triggered.

6. **Specify Quantity**:

- Enter the quantity you want to sell if the order is triggered.

7. **Confirm Order**:

- Check all the details and then click the "Sell" or "Execute" button.

8. **Monitor Performance**:

- Keep an eye on the market and monitor the performance of your trade. You can modify or cancel the order if necessary.

Using a stop-loss order helps you minimize losses and protect your profits! 📉💡$XRP $WCT $BNB