"Mastering Stop-Loss Strategies: Protect Your Trades Like a Pro on Binance"
A stop-loss is a powerful tool in trading, designed to limit potential losses in case the market moves against your position. Here is a beginner-friendly explanation based on the examples in your image:
What is a Stop-Loss?
A stop-loss is a predetermined price level where you exit a trade to prevent further losses. You can place it in different areas depending on the market structure and price action. Below are the key scenarios where stop-losses are applied:
What is a Stop-Loss?
A stop-loss is a predetermined price level where you exit a trade to prevent further losses. You can place it in different areas depending on the market structure and price action. Below are the key scenarios where stop-losses are applied:
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