What are the steps to set a stop loss on Binance for a specific cryptocurrency?

1 answers

• Arildsen JuhlOct 22, 2021 · 4 years ago
  Certainly! Here's a step-by-step guide to setting a stop loss order on Binance for a specific cryptocurrency: 1. Log in to your Binance account. 2. Navigate to the 'Trade' section and select the cryptocurrency you want to set a stop loss for. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want your order to be triggered. 5. Set the limit price, which is the price at which you want your order to be executed. 6. Specify the amount of cryptocurrency you want to sell. 7. Click on the 'Sell' button to place your stop loss order. Please note that stop loss orders are not foolproof and may not always protect you from losses. It's important to monitor the market and adjust your stop loss orders accordingly. I hope this explanation was helpful! If you have any more questions, feel free to ask.
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