Crypto trivia 📚 Reduce-only
In one-way position mode, the same buy or sell order can either open or close a position. Reduce-only restricts the order to closing a position, never opening one.
If a reduce-only order is larger than your existing position, the excess won’t turn into a position in the opposite direction; the order will be adjusted or canceled.
My bookmarks are packed with useful tips, while my positions are a record of the tuition I’ve paid.
For reference, the market shows: $BTC at 82570 (24h +0.88%).
#BTC
Do your homework before making a move.
In one-way position mode, the same buy or sell order can either open or close a position. Reduce-only restricts the order to closing a position, never opening one.
If a reduce-only order is larger than your existing position, the excess won’t turn into a position in the opposite direction; the order will be adjusted or canceled.
My bookmarks are packed with useful tips, while my positions are a record of the tuition I’ve paid.
For reference, the market shows: $BTC at 82570 (24h +0.88%).
#BTC
Do your homework before making a move.