Everyone, this is an important concept you need to understand: reduce-only!
In one-way position mode, the same buy or sell order can either open or close a position. Reduce-only is used to make clear that an order can only close a position, not open one.
Reduce-only adds a restriction to closing orders: no matter how large an order quantity you enter, it can only reduce your existing position to zero at most.
Coin mentioned in the article: $BTC . Current price: 74076.58 (24h -1.41%).
Save this and take your time reading 👇
Don’t use this as a basis for making trades.
In one-way position mode, the same buy or sell order can either open or close a position. Reduce-only is used to make clear that an order can only close a position, not open one.
Reduce-only adds a restriction to closing orders: no matter how large an order quantity you enter, it can only reduce your existing position to zero at most.
Coin mentioned in the article: $BTC . Current price: 74076.58 (24h -1.41%).
Save this and take your time reading 👇
Don’t use this as a basis for making trades.