Binance Beginner Series – Day 23 💡

Topic: What Is Stop-Limit Order? ⚙️

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Easy Meaning:

A Stop-Limit Order helps you control your buying or selling price when the market moves fast.

It’s like setting a “trigger” (Stop) and a “target” (Limit) — so you trade only when the price hits your condition. 📉📈

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Example:

Let’s say BTC = $60,000, but you think if it drops to $59,000, it might fall more — so you want to sell before that.

You set:

Stop Price: $59,000 (your trigger 🚦)

Limit Price: $58,900 (the minimum price you accept to sell 💰)

When BTC hits $59,000, Binance places your sell order automatically at $58,900. 🔄

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Why It’s Useful:

✅ Protects from big losses

✅ Helps you buy/sell automatically

✅ Perfect for busy traders who can’t watch charts all day 👀

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Pro Tip:

Always set a small gap between Stop and Limit prices (e.g. $59,000 & $58,900) to make sure your order executes smoothly! ⚡

#BinanceBeginners #CryptoTrading #StopLimit #TradingTips

Tan_Malik🍀