What is the Reduce-Only option for?
In One-Way Mode, the same buy or sell order can either open or close a position. Reduce-Only ensures that the order can only close a position, not open one.
Think of Reduce-Only as a safety net for closing orders: no matter what quantity you enter, the order can only reduce your existing position to zero at most.
Add a price at the end: $BTC Current price: 83899.97, 24h: -0.26%.
Avoid adding to your position during sharp market fluctuations. Wait for the price to stabilize before deciding what to do.
#BTC
In One-Way Mode, the same buy or sell order can either open or close a position. Reduce-Only ensures that the order can only close a position, not open one.
Think of Reduce-Only as a safety net for closing orders: no matter what quantity you enter, the order can only reduce your existing position to zero at most.
Add a price at the end: $BTC Current price: 83899.97, 24h: -0.26%.
Avoid adding to your position during sharp market fluctuations. Wait for the price to stabilize before deciding what to do.
#BTC