When placing a Limit Order, you will be able to set the [Take Profit] and [Stop Loss] orders simultaneously. Click [Limit] and enter the order price and size. Then, check the box next to [TP/SL] to set the [Take Profit] and [Stop Loss] prices based on the [Last Price] or [Mark Price].
Read moreCan I place a buy and sell order at the same time Binance?
When trading on the Binance Exchange, you can use OCO orders as a basic form of trade automation . This feature gives you the option of placing two limit orders simultaneously, which may come handy for taking profit and minimizing potential losses.
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