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How to Set a Stop-Limit on Binance
📌 Hypothetical Example:
You bought a coin called XYZ for $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 own the coin (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 triggers the sell order (for example: 90.00).
✅ Limit: the price at which you want to sell (for example: 89.50 — leave it slightly less than the stop to ensure execution).
✅ Amount: the quantity you want to sell (for example: 100% or part of it).
Press "Sell XYZ."
⚠️ Important Notes:
The difference between Stop and Limit:
Stop is the price that triggers the order.
Limit is the actual price at which you sell it.
You need to set the Limit slightly lower than the Stop to ensure 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 coin at $89.50.
📌 Hypothetical Example:
You bought a coin called XYZ for $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 own the coin (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 triggers the sell order (for example: 90.00).
✅ Limit: the price at which you want to sell (for example: 89.50 — leave it slightly less than the stop to ensure execution).
✅ Amount: the quantity you want to sell (for example: 100% or part of it).
Press "Sell XYZ."
⚠️ Important Notes:
The difference between Stop and Limit:
Stop is the price that triggers the order.
Limit is the actual price at which you sell it.
You need to set the Limit slightly lower than the Stop to ensure 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 coin at $89.50.
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