How stop limit works binance

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Risks of a Stop-Limit Order as financial, legal or other Academy is not liable for or sell orders to protect.

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How to Use a Stop Limit - Stop Loss on Binance - Explained For Beginners
Stop-limit orders allow traders to set specific prices at which to buy or sell cryptocurrencies. This precision helps traders avoid buying or. With a stop-limit order, you need to select both the stop price and limit price. The order will be executed only at the specified limit price or a better price. Once the asset reaches the stop price, the system will seek to match your order within the order book. Setting up the Binance stop loss order starts with selecting a cryptocurrency pair that you want to secure. Next, you will have to click on the Stop Limit tab.

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calendar_month 18.06.2021

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Happy trading and merry Christmas! All posts. Sweet tutorial. For instance, you can place one with the Last Price as the trigger to prevent excessive losses, and another with the Mark Price as the trigger to avoid liquidation. It comes with numerous risks, however, and requires a higher level of trading experience and technical analysis skills.