#StopLossStrategies Mastering Stop-Loss Strategies on Binance
Stop-loss strategies are essential for managing risk in crypto trading. A stop-loss order automatically sells your asset when it hits a predefined price, protecting you from major losses during market dips. On Binance, traders often use:
• Fixed Stop-Loss: Set a specific price to exit a trade.
• Trailing Stop-Loss: Moves with the market, locking in profits while limiting downside.
• Percentage-Based Stop-Loss: Exits the trade when the price drops by a set percentage.
Combining these strategies helps you trade smarter and control emotions in volatile markets.
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