Trailing stop loss binance futures

trailing stop loss binance futures

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Therefore, a limit price is trigger time, go to [Order.

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How to Use a Trailing Stop in Crypto (Binance, Bybit etc)
A trailing stop order is a type of order that helps traders limit their losses and protect their gains when the market swings. It places a. A trailing stop order helps traders limit their losses and protect their gains when the market swings. It places a pre-set order at a. A trailing stop order is an order that automatically adjusts the stop loss level as the price of the asset moves in the trader's favour. The stop loss level is.
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For a long trade, the selling price is supposed to be higher than the last price. Regularly monitor market conditions and adjust your trailing stop loss order accordingly. Moreover, if you set a PnL drawdown target, it will preserve your gains, protecting your hard-earned PnL. Make sure you research the market well, so you know what to expect.