Everyone, make sure you understand this: Reduce-Only!
If a reduce-only order's quantity exceeds your current position, the excess won't turn into a position in the opposite direction; the order will be adjusted or canceled.
Reduce-only is like adding a safety net to a closing order: no matter what quantity you enter, it can only reduce your current position to zero at most.
Related coin: $BTC Current price: 83655.67 (24h -0.17%).
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If a reduce-only order's quantity exceeds your current position, the excess won't turn into a position in the opposite direction; the order will be adjusted or canceled.
Reduce-only is like adding a safety net to a closing order: no matter what quantity you enter, it can only reduce your current position to zero at most.
Related coin: $BTC Current price: 83655.67 (24h -0.17%).
Save this and take a closer look later 👇