#StopLossStrategies Stop-loss strategies on Binance are crucial for managing risk by automatically selling (or buying in short trades) an asset at a specific price to limit potential losses.

Here's a shorter overview of key strategies:

* Fixed Percentage: Set a loss limit (e.g., 2-5% of your capital per trade).

* Support and Resistance: Place stop-loss orders below support or above resistance levels.

* Trailing Stop: A dynamic stop that follows the price upwards to protect profits.

* Time and Behavior: Use time limits or react to price action and trend breaks.

Setting a Stop-Loss on Binance (Short Steps):

* Go to Trade > Spot and choose your pair.

* Select Stop-Limit Order.

* Enter the Stop Price (activation price).

* Enter the Limit Price (sell order price).

* Enter the Amount and click Sell.

Key Tips:

* Don't set stops too close to avoid premature triggering.

* Use support/resistance levels for placement.

* Adjust stops as the price moves favorably (trailing stop).

* Risk only a small percentage of your capital per trade (2-5%).