how to set stop loss on mexc

To limit losses in MEXC trades, traders can set a stop-loss order by selecting the "Stop Loss" tab, inputting a stop-loss price, and selecting the desired execution type (market or limit).

Oct 29, 2024 at 01:47 pm

How to Set Stop Loss on MEXC

A stop-loss order is a type of order that helps traders limit their losses in a trade. When the price of an asset reaches a certain level, the stop-loss order will trigger and the asset will be sold automatically. This can help to protect traders from large losses if the market moves against them.

To set a stop-loss order on MEXC, follow these steps:

Log in to your MEXC account and select the asset you want to trade.
Click on the "Stop Loss" tab in the trading window.
Enter the stop-loss price in the "Price" field.
Select the type of stop-loss order you want to use.
Click on the "Place Order" button.

There are two types of stop-loss orders available on MEXC:

Market stop-loss orders are executed at the best available market price when the stop-loss price is reached.
Limit stop-loss orders are executed at a specific price or better when the stop-loss price is reached.

Market stop-loss orders are generally faster to execute, but they may not be executed at the exact stop-loss price. Limit stop-loss orders are more precise, but they may not be executed if the market price moves too quickly.

When choosing a stop-loss price, it is important to consider the following factors:

The volatility of the asset. More volatile assets will require a wider stop-loss range.
The amount of risk you are willing to take. A larger stop-loss range will reduce your risk, but it will also limit your potential profit.
The market conditions. When the market is moving quickly, it is important to use a tighter stop-loss range to avoid being stopped out prematurely.

Stop-loss orders can be a valuable tool for traders to manage their risk. However, it is important to use them wisely and to understand the risks involved.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

LOOM

$0.0412

63.08%

Trade Now
OBT

$0.0171

62.24%

Trade Now
PIXEL

$0.0471

53.17%

Trade Now
AUDIO

$0.0919

41.99%

Trade Now
WHITE

$0.0...06682

40.29%

Trade Now
GFI

$0.9110

37.37%

Trade Now

Latest Crypto News

What if the next internet sensation isn't a viral video or dance challenge—but a meme coin?
2025-04-22 14:40:12
Gold Hits New All-Time High Near $3,500
2025-04-22 14:40:12
Crypto law firm Burwick Law has called out Solana-based non-fungible token platform Metaplex's plan to sweep unclaimed Solana (SOL) into its treasury
2025-04-22 14:35:11
Bybit Details Movement Of Hacked Assets in Staggering $1.5B Crypto Heist
2025-04-22 14:35:11
2 Main Reasons Why Kaspa (KAS) Price Is Pumping
2025-04-22 14:30:12
Coinbase Launches CFTC-Approved XRP Futures Contracts Through Its Derivatives Arm
2025-04-22 14:30:12

Related knowledge

Does SOL trading support DEX (decentralized exchange)?

Apr 19,2025 at 05:21am

Solana (SOL), a high-performance blockchain platform, has gained significant attention in the cryptocurrency community for its fast transaction speeds and low fees. One of the key aspects that traders and investors often inquire about is whether SOL trading supports decentralized exchanges (DEXs). In this article, we will explore this topic in detail, p...

How to choose a reliable SOL trading platform?

Apr 21,2025 at 12:07am

Choosing a reliable SOL trading platform is crucial for anyone looking to engage in trading Solana (SOL) cryptocurrency. With the growing popularity of Solana, numerous platforms have emerged, each offering different features and levels of security. This article will guide you through the essential factors to consider when selecting a reliable SOL tradi...

On which platforms can SOL be bought and sold?

Apr 21,2025 at 10:22am

Solana (SOL) is a popular cryptocurrency known for its high transaction speeds and low fees, making it a favored choice among crypto enthusiasts. If you're looking to buy or sell SOL, there are several platforms where you can do so. In this article, we will explore the various platforms that support the trading of SOL, ensuring you have a comprehensive ...

How to buy SOL on an exchange?

Apr 20,2025 at 01:21am

Introduction to Buying SOL on an ExchangeSOL, the native cryptocurrency of the Solana blockchain, has garnered significant attention in the crypto world due to its high throughput and low transaction costs. If you're interested in adding SOL to your investment portfolio, buying it on a cryptocurrency exchange is one of the most straightforward methods. ...

How to sell TRX on OKX?

Apr 18,2025 at 11:07pm

Selling TRX on OKX is a straightforward process that can be completed in a few simple steps. This article will guide you through the entire process, ensuring that you understand each step thoroughly. Whether you are a beginner or an experienced trader, this guide will help you navigate the OKX platform with ease. Preparing to Sell TRX on OKXBefore you c...

How to trade TRX on Bybit?

Apr 20,2025 at 04:15pm

Trading TRX on Bybit can be an exciting venture for both new and experienced cryptocurrency traders. Bybit, known for its robust trading platform and user-friendly interface, offers a variety of features that can help you trade TRX effectively. In this guide, we'll walk you through the essential steps and tips to successfully trade TRX on Bybit. Setting...