Binance, Exchanges

Can You Set a Stop Loss and Limit Sell at the Same Time Binance?

Setting a stop loss and limit sell at the same time on Binance is possible and easy to do. By doing this, you can protect your profits and limit your losses.

Here’s how to set a stop loss and limit sell at the same time on Binance.

First, log into your Binance account and go to the “Exchange” page. On the Exchange page, select the “Basic” view.

Next, find the trading pair that you want to set a stop loss and limit sell for. For this example, we will use the ETH/USDT trading pair.

Once you have found the ETH/USDT trading pair, click on it to bring up the order form. On the order form, select “Stop-Limit” from the “Type” drop-down menu.

Now, you will need to enter your stop loss price and limit sell price. The stop loss price is the price at which you want to automatically sell your ETH if the price falls below that level.

The limit sell price is the price at which you want to sell your ETH if the price reaches that level.

For this example, we will set the stop loss price at $200 and the limit sell price at $250.

Once you have entered your stop loss and limit sell prices, click on the “Buy ETH” button to place your order.

Your stop loss and limit sell will now be active on Binance. You can view your active orders by going to the “Orders” tab on the Exchange page.

If the price of ETH falls below $200, your stop loss order will be executed and you will automatically sell your ETH for USDT at that price. If the price of ETH rises above $250, your limit sell order will be executed and you will sell your ETH for USDT at that price.

You can also cancel your stop loss and limit sell orders at any time by going to the “Orders” tab and clicking on the “Cancel” button for those orders.

In conclusion, setting a stop loss and limit sell at the same time on Binance is possible and easy to do.

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