Let's talk about take-profit and stop-loss orders.
On Binance's USDⓈ-M futures, conditional orders can be set to trigger based on the latest price or the mark price.
One thing worth considering: in volatile markets, a stop-limit order may remain unfilled, making the stop loss ineffective. That's why many people prefer to use market orders for stop losses.
Once you've set a stop loss, don't move it farther away just because it's about to trigger. This often turns a small loss into a much bigger one.
Looking at the market: $BTC current price 81685.81, 24h -0.25%.
On Binance's USDⓈ-M futures, conditional orders can be set to trigger based on the latest price or the mark price.
One thing worth considering: in volatile markets, a stop-limit order may remain unfilled, making the stop loss ineffective. That's why many people prefer to use market orders for stop losses.
Once you've set a stop loss, don't move it farther away just because it's about to trigger. This often turns a small loss into a much bigger one.
Looking at the market: $BTC current price 81685.81, 24h -0.25%.