Good tip for beginners!!

How to Use Stop Loss – Protect Your Investments.

Stop Loss is a tool that protects your capital in case of a sudden price drop. It serves to automatically sell your asset when the price reaches a minimum value that you define, avoiding greater losses.

The best way to set up Stop Loss on Binance is using the OCO (One Cancels the Other) mode. With it, you can set both a sale price with profit (Take Profit) and a Stop Loss to avoid losses, all in a single order.

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✅ Step 1: Select the "OCO" Mode

In the Binance menu, go to Margin or Spot, select Sell and choose the OCO (One Cancels the Other) mode.

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✅ Step 2: Fill in the OCO Fields in the Sell Order

🔴 TP Limit (Take Profit):

This field is used to define the sale price when the asset rises. ➡️ Example: If BTC is at $93,140, ​​you can set the TP at $94,000.

If you want to use only Stop Loss, you can leave this field blank.

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🔴 SL Trigger (Stop Loss):

Here you set the price at which Binance will trigger the automatic sell to prevent losses.

➡️ Example: Set $92,500 as trigger.

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🔴 SL Limit (Sell Price):

Set the minimum amount you are willing to sell after the Stop Loss is triggered.

Example: $92,400.

Tip: Always set the SL Limit slightly below the SL Trigger to ensure your order is executed.

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🔴 Amount (BTC):

Enter the amount of BTC you want to protect in the order.

➡️ Example: 0.05 BTC.

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Summary of the Example Filled in the Image:

✅ TP Limit: $94,000 (optional)
✅ SL Activation: $92,500
✅ SL Limit: $92,400
✅ Amount: 0.05 BTC

Use Stop Loss to trade safely and protect your capital!
$BTC $SOL $DOGE