What does it mean when more of the ADL indicator lights next to your position are lit?
Under Binance's rules, when a position is liquidated, a liquidation fee is charged based on its notional value and the fee rate. Binance collects the fee and may transfer all or part of it to the insurance fund as needed.
After an ADL event, your position may be partially reduced, so you should recheck your original take-profit and stop-loss settings and hedging arrangements.
Example coin: $BTC . Current price: 83720 (24h +0.79%).
Have you run into similar pitfalls? Share your experience to help others avoid them.
#BTC
Under Binance's rules, when a position is liquidated, a liquidation fee is charged based on its notional value and the fee rate. Binance collects the fee and may transfer all or part of it to the insurance fund as needed.
After an ADL event, your position may be partially reduced, so you should recheck your original take-profit and stop-loss settings and hedging arrangements.
Example coin: $BTC . Current price: 83720 (24h +0.79%).
Have you run into similar pitfalls? Share your experience to help others avoid them.
#BTC