If you already have a long position and place another sell order, will it close your position or open a short position?
First, the definition: In one-way mode, you can only hold a position in one direction for each trading pair at a time. If you sell while holding a long position, the order will reduce your long position first.
Why use hedge mode? It’s often used for strategies that require holding long and short positions simultaneously—for example, holding a long position for the long term while using a short position to hedge against a short-term pullback.
One more thing: $BTC Current price: 83024.01, 24h: +0.44%.
Don’t immediately double down to try to win back your losses. This often leads to even bigger losses.
#BTC
The data is from public sources. Please verify it yourself.
First, the definition: In one-way mode, you can only hold a position in one direction for each trading pair at a time. If you sell while holding a long position, the order will reduce your long position first.
Why use hedge mode? It’s often used for strategies that require holding long and short positions simultaneously—for example, holding a long position for the long term while using a short position to hedge against a short-term pullback.
One more thing: $BTC Current price: 83024.01, 24h: +0.44%.
Don’t immediately double down to try to win back your losses. This often leads to even bigger losses.
#BTC
The data is from public sources. Please verify it yourself.