#StopLossStrategies In the fast-paced world of crypto trading, managing risk is crucial. One of the most effective tools for protecting your assets is the **stop-loss order**. On Binance, this feature allows traders to automatically sell a position at a predefined price to limit losses if the market moves against them.
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What is a Stop Loss?
A **stop-loss order** is an automated instruction to sell a crypto asset when it hits a certain price. This helps you lock in profits or limit potential losses, especially in volatile markets.