What are the steps to enable stop loss orders on Binance for my digital assets?

1 answers

• Sevo YektirNov 05, 2023 · 2 years ago
  Sure thing! To enable stop loss orders for your digital assets on Binance, follow these steps: 1. Log in to your Binance account. 2. Navigate to the 'Trade' section and select the trading pair for your digital asset. 3. Click on the 'Stop-Limit' tab. 4. Set your desired stop price and limit price. 5. Enter the quantity of your digital asset you want to sell. 6. Click on the 'Sell' button to activate the stop loss order. That's it! Your stop loss order is now set for your digital asset on Binance. Keep in mind that stop loss orders can help mitigate potential losses, but they should be used responsibly and in conjunction with other risk management strategies.
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