Stop limit buy order binance

stop limit buy order binance

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When the stop price is price slightly lower than the limit price for buy orders.

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How to Use a Stop Limit - Stop Loss on Binance - Explained For Beginners
A stop-limit order is an order to buy or sell a cryptocurrency at a specific price, but only after a certain "stop price" is reached. The stop. A stop-limit order lets you customize and plan out your trades. Traders can specify both the trigger price (stop price) and the price at which. A stop-limit order consists of two prices: the limit price and the stop price. The limit price is the price limitation required to perform the.
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These orders are triggered when the price of the cryptocurrency reaches a certain level, so they can help to prevent significant losses in the event of a sudden price drop or market volatility. However, in the Limit field, the trader will have to specify the price at which he wants to sell. You decide to use a buy stop-limit order to open a position in case the breakout occurs.