Explanation of how to activate Stop Loss on the Binance platform using the Advanced trading interface.
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Types of Stop Loss orders on Binance:
1. Stop-Limit Order – A conditional order that sells or buys when a certain price is reached.
2. Stop Market Order – Closes the trade immediately when the trigger price is activated at the best available price.
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Steps to activate Stop Loss (Stop-Limit) on Binance:
Example: You own BTC at a price of 60,000 USDT and want to set a Stop Loss at 58,000.
1. Go to the trading page – Binance Spot/Advanced.
2. Select the trading pair (like BTC/USDT).
3. At the bottom of the screen, choose Stop-Limit.
4. The following fields will appear:
Stop: the price at which the order is activated (for example, 58,100).
Limit: the price at which you want to execute the sale (for example, 58,000).
Amount: the amount of the currency you want to sell.
5. Click on Sell BTC.
> When does the order execute?
When the price reaches 58,100, the system will place a sell order at 58,000 USDT.
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Or: Immediate Stop Loss Order (Stop-Market):
In the same place, choose Stop-Market.
Just enter:
Stop Price: the price at which you want to close the trade.
Amount: the quantity.
This type executes the order at the market price immediately after activation.
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Illustrative image?
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