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Binance trailing stop loss

Binance trailing stop loss

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This matches the trigger price, Futures is a combination of take profit order is triggered. The system will decide if.

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So, Binance finally added Trailing Stop-Loss Orders for us to automate at least some of our trades. This is a very useful feature which saved me many times. Now, let's dive into how you can set a trailing stop loss on Binance. First, log in to your account and navigate to the trading screen. Choose the. When the price moves favorably, a trailing stop order locks in profit by enabling a trade to remain open and continue to profit as long as the.

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The trailing stop does not move back in the other direction. In this article, we'll take a closer look at how trailing stop orders work and provide some real-world examples of how to use them effectively in your trading strategy. After breaking the previous support as mentioned in the chart BTC almost fell You should only invest in products you are familiar with and where you understand the risks. In this article, we will explore how to use and determine the right time to employ trailing stop-loss orders specifically on the user-friendly Binance exchange.