#TradeLessons

Since a number of dear followers requested more clarification regarding how to set a stop-loss on Binance, I wanted to share this post with a simplified and detailed explanation

✅ How to set a stop-loss (Stop-Limit) on Binance in easy steps

📌 Simple example:

You bought a coin at a price of $100, and you want to protect yourself from a significant loss if the price drops.

You set a stop-loss at $90, meaning if the price reaches $90, you want the app to sell the coin automatically before the price drops further.

📲 How to set a stop-loss on the Binance app or website:

Open the Binance app or log in from the browser.

Go to the trading page (Trade), and choose the pair you hold the coin in (for example: XYZ/USDT).

Select the "Sell" option.

From the order type (Order Type), choose "Stop-Limit".

Now you will see 3 fields to fill:

Stop (the price that triggers the sell order): for example, $90.00.

Limit (the price at which you will sell): for example, $89.50 (a bit lower than the Stop to ensure execution).

Amount (the quantity you want to sell): for example, 100% or part of it.

Press the "Sell" button to execute the order.

⚠️ Important notes to understand the difference:

Stop: the price that automatically triggers the sell order when reached.

Limit: the price at which you actually want to sell, and it is usually a bit lower than Stop to ensure a quick sale.

🛡️ In short:

If the price of the coin drops and reaches $90, the system will start selling the coin at a price close to $89.50, which protects you from larger losses if the price continues to decline$ETH