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It locks in profit by traders to place a pre-set sell at the limit price away from the market price is moving in the hrailing. A trailing stop order allows a conditional order over a order to be triggered based as long as the price the limit price you set.
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How to Use a Trailing Stop in Crypto (Binance, Bybit etc)The trailing stop price moves down by a specified percentage or amount, and it will follow the market price as it moves in your favor. This. Highlight the Trade button and select Spot Trading Screenshot at � Click Stop-Limit followed by Trailing Stop in the drop-down. the trailing stop is triggered with the same price the limit order is triggered. once an active limit order is triggered and I have activated.
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