$USDC ✅ How to Set a Stop-Limit on Binance
📌 Hypothetical Example:
You bought a currency called XYZ at a price of $100.
And you want to sell it if the price drops to $90 (Stop Loss).
📲 Steps on the Binance app or website:
Open the Binance app or log in from the browser.
Go to "Trade", then select the pair in which you hold the currency (for example: XYZ/USDT).
Choose "Sell" from the top, then select the order type: Stop-Limit.
Now you will see 3 fields:
✅ Stop: the price that triggers the sell order (for example: 90.00).
✅ Limit: the price at which you want to sell (for example: 89.50 — leave it a little lower than the stop to ensure execution).
✅ Amount: the quantity you want to sell (for example: 100% or a portion of it).
Press "Sell XYZ".
⚠️ Important Notes:
The difference between Stop and Limit:
Stop is the price that activates the order.
Limit is the actual price at which you sell it.
You need to keep the Limit a little lower than the Stop so the order executes quickly before the price drops further.
🛡️ Final Example to Confirm Understanding:
Field Value Stop 90.00 Limit 89.50 Amount 100%
If the price drops to $90, you will automatically sell the currency at $89.50.