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The trailing stop loss binance is an advanced automated feature. It is similar to a stop-limit order but it does not limit upside. A trailing stop is a good tool to use when you are riding the market up. You can set a trailing stop to a limit price to give you a bit more control over the amount of profit you can make. This is especially useful if you are long in a market. If you choose to set the limit price to the exact point where the market starts to move, you can ride the uptrend while taking advantage of the opportunity to profit from your position.