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What is the process of making a stop loss order on Binance for my digital assets?

avatarDeeksha KesharwaniDec 16, 2021 · 3 years ago1 answers

Can you explain the step-by-step process of creating a stop loss order for my digital assets on the Binance platform?

What is the process of making a stop loss order on Binance for my digital assets?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    Certainly! Here's a step-by-step process to create a stop loss order for your digital assets on Binance: 1. Log in to your Binance account and go to the trading section. 2. Choose the trading pair for your digital asset. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want your stop loss order to be activated. 5. Set the limit price, which is the price at which you want your stop loss order to be executed. 6. Specify the quantity of the digital asset you want to sell. 7. Click on the 'Sell' button to place your stop loss order. That's it! Your stop loss order will be created and will be triggered if the price reaches the stop price you set.