✅ How to set up Stop-Limit on Binance
📌 Hypothetical example:
You bought a coin called XYZ at a price of 100 dollars.
And you want to sell it if the price drops to 90 dollars (Stop Loss).
📲 Steps in the Binance app or website:
Open the Binance app or log in from the browser.
Go to "Trading", then select the pair in which you hold the coin (for example: XYZ/USDT).
Select at the top "Sell", then choose the order type: Stop-Limit.
Now you will see 3 fields:
✅ Stop: the price that triggers the sell order (for example: 90.00).
✅ Limit: the price at which you want to sell (for example: 89.50 — leave it a little below the stop to ensure execution).
✅ Amount: the amount you want to sell (for example: 100% or a portion of it).
Press "Sell XYZ".
⚠️ Important notes:
The difference between Stop and Limit:
Stop is the price that triggers the order.
Limit is the actual price at which you sell it.
You should leave the Limit a little below the Stop so that the order executes quickly before the price drops further.
🛡️ Final example to confirm understanding:
FieldValueStop90.00Limit89.50Amount100%
If the price drops to 90 dollars, you will automatically sell the coin at 89.50.