Can you set stop loss on Binance?

Placing stop loss and take profit orders on Binance is always a problem.

If you use a Stop Limit order, your balance will be blocked, so you cannot use stop loss and take profit simultaneously.

If you use the OCO order, you are limited to one target order.

With CoinPanel, you can easily set a take profit and stop loss orders for your trades without any limitations.

Creating a stop loss and take profit before you place an order:

Using the Full Trade feature of CoinPanel, you can place an entry order, target orders, and a stop loss all at the same time. So you can automate your trade and relax.

Click here to view the complete guide for creating a Full Trade.

Creating stop loss and take profit orders after you already entered:

If you have already bought the coin, then you can use Stop Limit or Stop Market features on CoinPanel to set stop loss and take profit orders at the same time. These order types do not block your coin balance, so you can set as many as you like.

CoinPanel makes your life easier as a cryptocurrency trader. Create your free account today and try it out for 14 days.