$BTC $ETH $BNB ✅ How to Use the Trailing Stop Tool to Protect Your Profits on Binance 🟡
🔍 Example:
Suppose you bought a cryptocurrency called XYZ at a price of 💵 100 dollars, and you want to secure profits in case the price rises, but without setting a fixed selling price; rather, you want the selling order to move automatically with the price increase.
This is where the Trailing Stop tool comes in!
📲 Steps on the Binance app or website:
1. 🔐 Log into your Binance account from the app or browser.
2. 📈 Go to the "Trading" section, and look for the currency pair like XYZ/USDT.
3. 🟩 Choose "Sell," then change the order type to Trailing Stop.
🧮 You will see fields that need to be filled:
📉 Activation Price (optional): the price at which the tracking begins (e.g., 105.00)
📏 Callback Rate: the percentage by which the price moves away from the peak before executing the sell order (e.g., 5%)
📦 Amount: the quantity you want to sell (e.g., 100% or part of it)
Then press the 🔴 "Sell XYZ" button to set up the order.
⚠️ Important Notes:
The Trailing Stop moves automatically with the price if it rises.
When the price drops by a certain percentage (callback rate) from the highest point it reached, the sale is executed.
You do not need to monitor the market – the tool works automatically to protect your profits.
🧠 Final Example to Clarify the Idea:
🧾 Field 📊 Value
Activation Price 105.00
Callback Rate 5%
Amount 100%
If the price rises to 110 dollars and then starts to drop by 5%, the sale will be executed at approximately 104.50 dollars.
#TrailingStopLoss
