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Join the Web3 revolution with @plumenetwork! $PLUME is shaping decentralized social networks. Learn more and get involved today! #Plume
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#Write2Earn How to Use Stop-Loss to Minimize Losses on BNB ā A Beginnerās Guide Introduction: Stop-loss is one of the most powerful tools to manage risk while trading crypto. In this post, youāll learn how to set it correctly for BNB and avoid big losses. Key Points: 1. What is Stop-Loss: A stop-loss order automatically closes a trade when the price reaches a certain level, protecting you from major losses. 2. How to Set it on Binance: ā¢ Log in to your Binance account. ā¢ Go to āTradeā ā select BNB/USDT. ā¢ Click āStop-Limitā or āStop-Lossā and set the price where you want the position to close automatically. ā¢ Double-check before confirming. 3. Common Mistakes to Avoid: ā¢ Setting the price too close to the current market price (may trigger early closure). ā¢ Changing it frequently without a strategy. ā¢ Risking more than your budget allows. Conclusion / Call-to-Action: Now that you know how to use stop-loss, try it on a demo trade or with a small amount of BNB. š¹ Which stop-loss strategy works best for you? Share your thoughts in the comments below!
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