If you already have a long position and place another sell order, will it close the long or open a short?
With hedge mode, holding long and short positions of the same size at the same time means gains and losses from price movements largely offset each other, but you still pay opening and closing fees.
Key takeaway: If you haven't used hedge mode before, start with one-way mode to avoid confusion.
Relevant coin: $BTC . Current price: 83420; 24h change: -0.17%.
Make sure you understand the rules before trading, and don't make decisions on impulse.
With hedge mode, holding long and short positions of the same size at the same time means gains and losses from price movements largely offset each other, but you still pay opening and closing fees.
Key takeaway: If you haven't used hedge mode before, start with one-way mode to avoid confusion.
Relevant coin: $BTC . Current price: 83420; 24h change: -0.17%.
Make sure you understand the rules before trading, and don't make decisions on impulse.