What are the steps to effectively utilize the stop loss order feature on Binance for managing my digital assets?

1 answers

• Majeed AshqarNov 18, 2023 · 2 years ago
  No problem! Here's a step-by-step guide on how to effectively use the stop loss order feature on Binance for managing your digital assets: 1. Login to your Binance account and navigate to the trading platform. 2. Select the digital asset you want to set a stop loss order for. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want the stop loss order to be triggered. 5. Set the limit price, which is the minimum price at which you want to sell your digital asset. 6. Specify the quantity or percentage of your digital asset that you want to sell. 7. Review the order details and click on 'Sell' to place the stop loss order. Following these steps will help you effectively manage your digital assets using the stop loss order feature on Binance. If you have any further questions, feel free to ask.
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