✅ How to Use the Trailing Stop Tool on Binance to Protect Profits

Want to lock in profits without setting a fixed target? Trailing Stop is your best friend.

Scenario:

You bought a coin called XYZ at $100, and you want to secure gains as the price climbs—without manually selling at every jump.

Solution:

Use Trailing Stop to automatically follow price increases and sell only when a drop (by a % you set) happens.

How to Set It Up (Binance App or Web):

1. Login to your Binance account.

2. Navigate to the “Trade” tab and choose the pair (e.g., XYZ/USDT).

3. Click “Sell”, then switch the order type to “Trailing Stop.”

You’ll need to fill in three fields:

• Activation Price (optional): When trailing begins (e.g., $105)

• Callback Rate (%): The % drop from the peak price to trigger the sale (e.g., 5%)

• Amount: How much you want to sell (e.g., 100%)

Tap “Sell XYZ” to confirm the order.

How It Works:

• The tool follows the price upwards automatically.

• If the price drops by your set Callback Rate from the recent peak, a sell order is triggered.

• No need to monitor the charts 24/7—your profits are protected.

If the price hits $110 and drops 5%, it sells at $104.50.

Use this tool to turn emotional trading into smart profit protection!

#CryptoTips #TrailingStop #BinanceGuide #ProfitProtection #SmartTrading