#StopLossStrategies

Stoploss startgey binance 100 word Article

How to Set a Stop-Loss Strategy on Binance

Setting a stop-loss on Binance is crucial for risk management in trading. A stop-loss automatically sells your asset when it hits a predetermined price, limiting losses. Here’s how to set it up:

Log in to your Binance account and go to the trading interface (Spot or Futures).

Select your trading pair (e.g., BTC/USDT).

Choose "Stop-Loss" from the order types.

Enter the trigger price (when the stop-loss activates) and the sell price.

Set the quantity and confirm the order.

Using stop-loss helps protect your investments from sudden market drops. Always adjust it based on market conditions for optimal results. Trade wisely!

(100 words)