$BTC โ
How to use the stop-limit order on the Binance platform ๐ก
๐ Illustrative example: #BinanceAlphaAlert
Let's assume you bought a cryptocurrency called XYZ at a price of ๐ต 100 dollars, and you want to sell it automatically if the price drops to ๐ 90 dollars to reduce losses.
๐ฒ Steps in the Binance app or website:
1. ๐ Log in to your Binance account from the app or browser. #BTCBreaksATH110K
2. ๐ Go to the "trade" section, and search for the currency pair like XYZ/USDT.
3. ๐ฅ Select "sell," then change the order type to Stop-Limit.
๐งฎ Three fields will appear that you need to complete:
โน๏ธ Stop: the price that triggers the sell order (example: 90.00)
๐ฐ Limit: the price at which it will actually be sold (example: 89.50 โ make it lower than the trigger price to ensure quick execution)
๐ฆ Amount: the amount you want to sell (for example: 100% or a portion of it)
Then, press the ๐ด "Sell XYZ" button to complete the order setup.
โ ๏ธ Important notes:
Stop โน๏ธ: the price from which the order starts to execute
Limit ๐ฐ: the price at which the cryptocurrency is offered for sale $XRP
โจ It is preferable that the limit price is slightly lower than the stop price to ensure the order executes before the price drops further.
๐ง Final example to illustrate the idea:
| ๐งพ Field | ๐ Value | |-----------|--------------| | Stop โน๏ธ | 90.00 | | Limit ๐ฐ | 89.50 | | Amount ๐ฆ | 100% |
If the price reaches 90 dollars, the cryptocurrency will be offered for sale at a price of 89.50 dollars automatically. $TRUMP
๐ Illustrative example: #BinanceAlphaAlert
Let's assume you bought a cryptocurrency called XYZ at a price of ๐ต 100 dollars, and you want to sell it automatically if the price drops to ๐ 90 dollars to reduce losses.
๐ฒ Steps in the Binance app or website:
1. ๐ Log in to your Binance account from the app or browser. #BTCBreaksATH110K
2. ๐ Go to the "trade" section, and search for the currency pair like XYZ/USDT.
3. ๐ฅ Select "sell," then change the order type to Stop-Limit.
๐งฎ Three fields will appear that you need to complete:
โน๏ธ Stop: the price that triggers the sell order (example: 90.00)
๐ฐ Limit: the price at which it will actually be sold (example: 89.50 โ make it lower than the trigger price to ensure quick execution)
๐ฆ Amount: the amount you want to sell (for example: 100% or a portion of it)
Then, press the ๐ด "Sell XYZ" button to complete the order setup.
โ ๏ธ Important notes:
Stop โน๏ธ: the price from which the order starts to execute
Limit ๐ฐ: the price at which the cryptocurrency is offered for sale $XRP
โจ It is preferable that the limit price is slightly lower than the stop price to ensure the order executes before the price drops further.
๐ง Final example to illustrate the idea:
| ๐งพ Field | ๐ Value | |-----------|--------------| | Stop โน๏ธ | 90.00 | | Limit ๐ฐ | 89.50 | | Amount ๐ฆ | 100% |
If the price reaches 90 dollars, the cryptocurrency will be offered for sale at a price of 89.50 dollars automatically. $TRUMP
