✅ How to set a Stop-Limit on Binance
📌 Hypothetical example:
You bought a currency called pepe at a price of dollars.
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 you hold the currency in (for example: XYZ/USDT).
Select 'Sell' from the top, then choose the order type: Stop-Limit.
Now you will see 3 fields:
✅ Stop: The price that activates the sell order (for example: 90.00).
✅ Limit: The price at which you want to sell (for example: 89.50 — leave it slightly below the stop to ensure execution).
✅ Amount: The quantity you want to sell (for example: 100% or a portion of it).
Click on 'Sell XYZ'.
⚠️ Important notes:
The difference between Stop and Limit:
Stop is the price that activates the order.
Limit is the actual price you sell it at.
You need to set the Limit slightly lower than the Stop so that 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 sell the currency automatically at $89.50.
