How can I set a limit order stop loss on Binance?

1 answers

• SzeniJun 16, 2023 · 2 years ago
  Setting a stop loss for your limit order on Binance is a crucial risk management strategy. Here's how you can do it: 1. Log in to your Binance account. 2. Navigate to the trading page for the desired cryptocurrency. 3. Select the 'Limit' order type. 4. Enter the price at which you want to buy or sell the cryptocurrency. 5. Below the price field, you will find the 'Stop' field. Enter the stop price at which you want your order to be triggered. 6. Choose the order type as 'Stop-Limit'. 7. Enter the quantity of the cryptocurrency you want to buy or sell. 8. Click on the 'Buy' or 'Sell' button to place your limit order with a stop loss. Remember, setting a stop loss can help you protect your investment and minimize potential losses.
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