Mastering Stop Loss & Take Profit on Binance: Trade Smart, Stay Safe
Crypto markets are fast and unpredictable. One wrong move—and your profits vanish. That’s why using Stop Loss and Take Profit on Binance isn’t optional—it’s essential.
✅ What Is Stop Loss?
A Stop Loss order automatically sells your asset when the price drops to a set level. It limits your losses and protects your capital.
Example:
You buy ETH at $3,000. To reduce risk, you set a Stop Loss at $2,850.
If ETH drops to $2,850, Binance will automatically sell—saving you from deeper loss.
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✅ What Is Take Profit?
A Take Profit order sells your asset when the price reaches your target. It helps lock in profits before the market reverses.
Example:
You bought ETH at $3,000 and set a Take Profit at $3,300.
If ETH hits that price, Binance sells, and you secure your gains—automatically.
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🛠️ How to Set Stop Loss & Take Profit on Binance (Step-by-Step)
🔸 On Spot Trading (Use OCO - One Cancels the Other):
1. Go to Trade > Spot.
2. Select OCO Order under the buy/sell section.
3. Enter:
Limit Price (Take Profit)
Stop Price (trigger for Stop Loss)
Stop-Limit Price (actual sell price after trigger)
4. Click Sell.
🔸 On Futures Trading:
1. Open a position.
2. Click “TP/SL” (Take Profit / Stop Loss).
3. Set your desired levels and confirm.
💡 Pro Tip
Don’t chase prices. Use Stop Loss to protect your downside and Take Profit to automate winning exits. That’s how professionals trade.
