“My stop was triggered. Why do I still have the coin?”
Because triggering is not execution. With a stop-limit order, the trigger places a limit order in the order book. It doesn’t create a buyer.
Hypothetical example: a sell order with a trigger at US$ 100 and a limit at US$ 98. If, during a rapid drop, the only buyers when the order enters the book are at US$ 95, it won’t sell at US$ 95. It may remain pending, or be only partially filled if there isn’t enough quantity available at US$ 98 or higher.
The limit respected your price condition. The market did not promise an exit.
Before trusting the word “stop,” understand what happens after the trigger. Price control and certainty of execution are not the same thing.
Source: Binance Academy, “What Is a Stop-Limit Order?”
https://www.binance.com/en/academy/articles/what-is-a-stop-limit-order
Educational example, not a suggestion of price levels or a trading recommendation.
Because triggering is not execution. With a stop-limit order, the trigger places a limit order in the order book. It doesn’t create a buyer.
Hypothetical example: a sell order with a trigger at US$ 100 and a limit at US$ 98. If, during a rapid drop, the only buyers when the order enters the book are at US$ 95, it won’t sell at US$ 95. It may remain pending, or be only partially filled if there isn’t enough quantity available at US$ 98 or higher.
The limit respected your price condition. The market did not promise an exit.
Before trusting the word “stop,” understand what happens after the trigger. Price control and certainty of execution are not the same thing.
Source: Binance Academy, “What Is a Stop-Limit Order?”
https://www.binance.com/en/academy/articles/what-is-a-stop-limit-order
Educational example, not a suggestion of price levels or a trading recommendation.