#StopLossStrategies Sure! Here's the English translation of the content above:
If you're talking about #StopLossStrategies on Binance, here are some of the best strategies that can help protect you from losses, especially if you're trading in Futures or Spot:
1. Fixed Percentage Stop-Loss
Set a specific percentage as your loss limit (e.g., auto-sell if the price drops by 5% or 10%).
Advantage: Simple and disciplined method.
2. Trailing Stop-Loss
As the price increases, the stop-loss automatically moves up with it.
Advantage: Locks in profit while still protecting from losses.
3. Support/Resistance Based Stop-Loss
Use technical analysis to place stop-loss at key support or resistance levels.
Advantage: Based on market psychology.
4. Time-Based Stop-Loss
If the market doesn’t move in your favor within a certain time, close the position.
Advantage: Avoid being stuck in a losing trade for too long.
5. Volatility-Based Stop-Loss
Set the stop-loss based on recent market volatility (e.g., using the ATR indicator).
Advantage: Better protection against unexpected market moves
How to set it on Binance (Quick Steps):
1. Go to Trade > Choose Spot or Futures.
2. While placing an order, select "Stop-Limit" or "Stop-Market".
3. Enter your "Stop Price" and "Limit Price".
4. Confirm and place the order.