#OrderTypes101

Losses occur if the price starts to drop. You set a stop-loss order at $450, and the currency is automatically sold if the price reaches this level.

4. Trailing Stop Order

Example:

You bought BNB at $500, and it has now reached $600. You set a trailing stop order with a $50 difference. If the price rises to $650, the stop automatically moves to $600. When the price drops to $600, it is sold, achieving profit.