đĄïž Stop-Loss & Take-Profit | Beginnerâs Guide
When trading crypto, itâs not enough to just enter a trade. You need to manage your risk.
This is where Stop-Loss (SL) and Take-Profit (TP) come in. â
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đč What is Stop-Loss (SL)?
Stop-Loss is an automatic order to sell a coin when its price goes against your trade.
It limits your losses and keeps your capital safe.
Example:
You buy SOL at $200
You set SL at $195
If SOL drops to $195, Binance will automatically sell your SOL â loss is limited to $5
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đč What is Take-Profit (TP)?
Take-Profit is an automatic order to sell a coin when the price reaches your profit target.
It helps you lock in gains without watching the market constantly.
Example:
You buy SOL at $200
You set TP at $210
When SOL hits $210, Binance sells automatically â profit locked
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đč Why SL & TP Are Important
Protect your capital đ°
Avoid emotional trading đ
Helps in scalping and swing trades
Makes trading safer and more disciplined â
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đĄ Pro Tip:
"Always set SL & TP before entering any trade â itâs your safety net."
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