When you place a stop limit order, you are telling the exchange that you want to sell your crypto-asset at a specific price or better. If the market price of the asset reaches your stop price, a limit order is placed at your limit price.
A stop limit order is therefore a combination of a stop order and a limit order.
There are two types of stop limit orders:
1) Sell Stop Limit Order: This is an order to sell an asset when the market price reaches the stop price, and the limit price is set at or below the stop price.
2) Buy Stop Limit Order: This is an order to buy an asset when the market price reaches the stop price, and the limit price is set at or above the stop price.
To place a stop limit order on Binance, you first need to log in to your account and go to the “Exchange” page. On this page, you will see all the different crypto-assets that are listed on Binance.
NOTE: WARNING: Setting a stop limit to sell on Binance is a risky trading move and should not be done without proper research and knowledge of the market. There is a potential for losses if the market moves in an unexpected direction, so it is important to understand the risks involved before setting any stop limits. Additionally, always ensure that you have sufficient funds available in your account in order to complete the order.
Find the asset that you want to sell, and then click on the “Stop-Limit” tab next to it.
This will bring up a new window where you can enter your “Stop Price” and your “Limit Price”. The “Stop Price” is the price at which you want to sell your asset, and the “Limit Price” is the minimum price that you are willing to sell it for.
Once you have entered these prices, you can then enter the amount of the asset that you want to sell in the “Amount” field. Finally, click on the “Place Order” button to submit your order.
Your order will now be placed on the Binance order book. It will remain there until either it is executed or cancelled by you.
A Stop Limit order on Binance is therefore a very powerful tool that can help you to protect your profits or limit your losses in a volatile market.
9 Related Question Answers Found
It is no secret that cryptocurrency exchanges make a killing by selling high and buying low. This is how they are able to make a profit and stay in business. However, what if you want to do the opposite?
When trading cryptocurrencies on Binance, you may want to place a stop-limit order. This type of order lets you specify the price at which you want to buy or sell, as well as the price at which you want to stop the trade. In this article, we’ll show you how to place a stop-limit order on Binance.
When you place a stop limit order on Binance, you are telling the exchange that you want to sell your coins when the price reaches a certain point. The stop limit order will not execute until the price of the coin reaches the stop price, and then only if there is enough demand at that price to fill your order. If the price never reaches the stop price, or if there is not enough demand to fill your order, then your stop limit order will not execute.
If you are looking to place a stop limit on a Binance order, there are a few things that you will need to take into account. First and foremost, it is important to understand that a stop limit is essentially two orders that are placed at the same time. The first order is what is known as the “stop” order, which is designed to trigger the second order, known as the “limit” order.
When you place a stop limit order on Binance, you are telling the exchange that you want to buy or sell a cryptocurrency at a specific price. However, the order will only be executed if the price of the cryptocurrency reaches your specified stop price. Once the stop price is reached, your limit order will be placed at the limit price that you specified.
A stop limit is an order type that combines the features of a stop order with those of a limit order. A stop limit order becomes a limit order when the price of the cryptocurrency reaches the stop price. As with a regular limit order, the trade will only be executed at or better than the specified limit price.
A stop limit is a conditional order placed with a broker to buy or sell a security at a specified price. The order becomes a market order when the security’s price reaches the stop price. A stop limit order is not guaranteed to execute at the specified price.
A stop limit order is an order to buy or sell a security at a specified price or better, after a given stop price has been reached. Once the stop price is reached, the stop limit order becomes a limit order to buy or sell at the limit price or better. A stop limit order is used to control the price at which an order is executed.
A stop limit order is an order to buy or sell a security at a specified price or better, after the security reaches a specified stop price. A stop limit order is different from a regular stop order in that a stop limit order doesn’t become an active market order until the stop price is reached. At that point, the order becomes a limit order, which is an order to buy or sell at a specified price or better.
