✅ How to Use the Stop-Limit Order on Binance
🔍 Example:
Let's assume you bought TRX at $50 and you want to automatically sell it if the price drops to $48 to minimize losses.
📲 Steps on the Binance app or website:
1. Log in to your Binance account from the app or browser.
2. Go to the *"Trade"* section and search for the currency pair *TRX/USDT*.
3. Select *"Sell"*, then change the order type to *Stop-Limit*.
🧮 Three fields will appear that you need to fill out:
⏹️ *Stop*: the price that triggers the sell order (example: *48.00*)
💰 *Limit*: the price at which it will actually be sold (example: *47.80* – make it lower than the trigger price to ensure quick execution)
📦 *Amount*: the quantity you want to sell (e.g., *100%* or part of it)
Then, click the *"Sell TRX"* button to complete the order setup.
⚠️ Important Notes:
- *Stop*: the price at which the order execution starts (48.00)
- *Limit*: the price at which the currency is offered for sale (47.80)
✨ It is preferable for the Limit price to be slightly lower than the Stop to ensure the order is executed before the price drops further.
If the price of *TRX* reaches *$48*, it will be automatically offered for sale at *$47.80*.