Binance exchange adds Stop Limit function, another reason to move with trading from other exchanges into Hong Kong based exchange
Binance
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Binance, located in hong kong, crypto exchange added Stop Limit function. Stop limit allows you to automate the trading process.
A stop-limit order will be executed at a specified (or potentially better) price, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
Here is example usage of Stop Limit function. The last price of ADX is 0.00007 BTC and the resistance price is around 0.000075 BTC, . If you think that the price will rise after reaching the resistance, you can set a Stop-Limit order to automatically buy more ADX at of 0.000075 BTC. Now you won’t have to continuously watch market waiting for the price to reach your target. Here you can find binance instructions https://support.binance.com/hc/en-us/articles/115003372072
Binance lists new coins all the time, you can check recents listings here https://support.binance.com/hc/en-us/sections/115000106672-New-Listings
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