Tag: How do you set a Stop Loss and take profit in 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”.28 Şub 2022

Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price.

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].

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.