In this situation, you can set a stop-limit order to alleviate your losses if your assumption is incorrect and the price starts to fall . To do this, log in to your Binance account and go to the BNB / BTC market. Then click on the Stop-Limit tab and set the stop and limit prices, along with the amount of BNB to be sold.
Read moreWhat does stop limit mean in Binance?
A Stop Limit order is a conditional order over a set timeframe, executed at a specified price after a given stop price has been reached . Once the stop price is reached, it will buy or sell at the limit price or at a better price than the limit price you set.
Read moreHow do you do a stop limit on Binance?
Approach: Select “Stop-Limit” order, then specify the stop price to be 18.30 USDT and the limit price to be 18.32 USDT . Then click the button “Confirm” to submit the order. To Query Existing Orders: Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders”.
Read moreCan you set Stop Loss on Binance?
The Stop Order on Binance Futures is a combination of stop-loss and take-profit orders . The system will decide if an order is a stop-loss order or a take-profit order based on the price level of trigger price against the last price or mark price when the order is placed.
Read moreCan you set a Stop Loss and limit sell at the same time Binance?
Placing stop loss and take profit orders on Binance is always a problem. If you use a Stop Limit order, your balance will be blocked, so you cannot use stop loss and take profit simultaneously .
Read more