#StopLossStrategies

Binance Stop Loss Order

The Binance stop loss order will protect your trading portfolio from significant losses if the price moves in a direction opposite to what you planned. Binance stop loss orders can be adjusted to every position with a single click to tilt your target risk/reward ratio, limit your losses, and lock in your profits on a long or short position.

Why Use Stop Loss on Binance?

The Binance Stop Loss order is one of the most wanted tools when it comes to trading in extremely volatile crypto markets. This pending order aims to prevent a trader from incurring unaffordable losses by automatically selling assets when the market price hits a certain level. Therefore, you can protect your portfolio by setting a level of potential losses after defining the amount you can take on.

..Connect your Binance Account with Binance API Keys

..Go to the Exchanges tab, find Binance and choose a coin you want to buy or sell

..Set Stop Loss Binance order, and define the price level, percentage of a price swing, or amount of crypto as your Stop Loss distance.