Here are 4 stop-loss strategies you can apply directly on Binance:
1. Fixed % Stop-Loss
Set a stop-loss at a fixed percentage below your entry (e.g. 3-5%). Great for quick trades or when testing new setups.
2. Trailing Stop
Use Binance’s Trailing Stop feature to let your stop move up with the price—locking in profits as the market rises.
3. Volatility-Based Stops
Check the chart, use indicators like ATR or Bollinger Bands, and place your stop outside normal price fluctuations to avoid getting wicked out.
4. Support/Resistance Stop-Loss
Place your stop just below a strong support zone or recent swing low. This strategy works well when trading breakouts or reversals.
Quick Tips:
Never enter a trade without knowing where your stop is.
Don't chase losses—trust your stop.
Always combine stop-losses with your risk-reward goals.
Remember: The best traders on Binance don’t just win big—they lose small.
Trade smart. Stay in the game.