What is a Stop-Limit Order?

Binance Academy · 2023-02-17T06:49:00.000Z

In brief A stop-limit order is a combination of a stop trigger and a limit order. Stop-limit orders allow traders to set the minimum profit they want or the maximum they are willing to put in or lose on a trade. When you place a stop-limit order and reach the trigger price, the limit order will be executed automatically even if you are logged out or offline. You can place stop-limit orders strategically by looking at resistance and support levels, as well as monitoring the volatility of asset classes.