Let’s talk about take-profit and stop-loss orders.
On Binance USDⓈ-M Futures, conditional orders can be set to trigger based on the latest price or the mark price.
To be honest, I only learned this later: when placing take-profit or stop-loss orders in One-Way Mode, you can select “Reduce Only” to prevent the order from opening a new position in the opposite direction if your position has already been closed.
Relevant coin: $BTC . Current price: 82886 (24h +0.24%).
When trading with leverage, set your stop-loss first, then think about potential returns.
#BTC
DYOR and trade responsibly.
On Binance USDⓈ-M Futures, conditional orders can be set to trigger based on the latest price or the mark price.
To be honest, I only learned this later: when placing take-profit or stop-loss orders in One-Way Mode, you can select “Reduce Only” to prevent the order from opening a new position in the opposite direction if your position has already been closed.
Relevant coin: $BTC . Current price: 82886 (24h +0.24%).
When trading with leverage, set your stop-loss first, then think about potential returns.
#BTC
DYOR and trade responsibly.