#BTCReserveStrategy The Trailing Stop Loss is a smart type of stop-loss order used in trading, allowing traders to dynamically protect their profits as the price moves in their favor. $BNB

It is a type of protection order in trading, the idea is that it protects you from loss while allowing you to gain more if the price continues to rise.

For example, if you bought a coin for $100 and told the platform to sell if the price drops 10% from its highest point, it will.

If the price rises to $120, the stop will be at $108, which is 10% below it.

If the price suddenly drops to $108, the platform will automatically sell to prevent a large loss.

The advantage is that it moves with the market if the price is rising, but it does not go back if the price drops. It is essential to focus on this tool well.