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There are various methods that traders can utilize to determine optimal stop-loss and take-profit levels.
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BINANCE - FUTURES - HOW TO SET TAKE PROFIT AND STOP LOSS - TUTORIALOn the Binance App, it's very easy to set up take-profit and stop-loss orders while entering a position. Go to [Futures] and check the box next. Go to the [Take Profit] or [Stop Loss] tab and choose an order type (Limit or Market). 3. Enter a stop price. You can use the contract's market. A stop-limit order is a limit order with a limit price and a stop price. When the stop price is reached, the limit order will be placed on.
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