I Cant change Stop Loss position
I Cant change Stop Loss position
I am using Bingx and in futures I can change/move the SL but in spot trading I cant change Stop Loss..
I have to cancel the SL position and open a new SL position if I want to change my SL…is this the same in other exchanges?
and what would be the best way to get the exchange to add this feature in spot trading? I contacted support but it seems it didnt work
If you’re trading in cryptocurrency, look for an exchange with a high volume and a large user base. The best exchange in the crypto sphere is Binance. You can also adjust your stop loss (SL) as desired in the spot market. However, a stop loss in the spot market can be set manually because if the SL is set as an open order, the take profit (TP) at a loss is unfavorable. Indeed, it’s more advantageous to have a manual SL. This way, when the price is still in a loss, the cryptocurrency can still be staked to generate additional coins or used for margin trading.