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Set entry and exit positions before purchase?

Set entry and exit positions before purchase?

Bitcoin Reddit

Reddit / Bitcoin Reddit 39 Views

Hello everyone, I was wondering how you would, if there was a way, to set entry and exit positions in Binance. For example; I want to by redditcoin at 1,000 dollars per coin, but its currently at 1,500 and trending up. This might take a few hours, so I am away from the computer.

It's now 3am and I am asleep, and redditcoin finally dips to 1,000 per coin, and my buy order executes. It then trends up past where I want to take profit at %1, and dips below where I want to set my stop loss for %1.

Is it possible to set these parameters before I enter a trade? I am sure its a simple process, but I cannot wrap my head around it right now

submitted by /u/FenderBenderGarage
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