#StopLossStrategies – Save Your Crypto Capital!
Using Stop Loss while trading on Binance is a smart move. This feature helps protect you from unexpected market dumps.
For example, if you bought BNB at $600, you can place a Stop Loss at $570 to safeguard your capital. If the price drops, it will auto-sell, keeping your losses limited.
With a Trailing Stop Loss, you can also lock in profits as the price moves up.
Remember, Risk management is the real key to long-term success!