#StopLossStrategies Stop-loss strategies on Binance are important for controlling risk and protecting your Investment.
1. Basic Stop-Loss Order
How it works: You set a price lower than your purchase price. If the asset drops to that level, Binance will automatically carry out a sale.
2. Trailing Stop-Loss
The stop price follows the asset as it climbs but stays fixed when the price decreases. This method secures gains while reducing possible losses.
Suited for Markets experiencing upward trends and for securing profits.
3. Percentage-Based Stop-Loss
You set a stop at a defined percentage below your entry price (e. g. , 6-11%).
It keeps low risk levels across trades.
4. Technical Level Stop-Loss
The stop is set at important support levels, moving averages, or trendlines.
Suits for those Traders who apply technical analysis.
5. Time-Based Stop-Loss
Exit a trade if your goals aren’t met within a designated timeframe.
Only suits for day traders or those who concentrates on short-term trades.