Let’s talk about take-profit and stop-loss orders.
On Binance USDⓈ-M Futures, conditional orders can be triggered based on either the latest price or the mark price.
One thing worth considering: in a gap market, a stop-limit order may remain unfilled, rendering the stop-loss ineffective. That’s why many people prefer using a market order for stop-losses.
When placing take-profit or stop-loss orders in One-Way Mode, remember to check “Reduce-Only” to avoid the conditional order opening a new position in the opposite direction if your position has already been closed.
By the way: $BTC reports 82396 (24h +1.11%).
#BTC
On Binance USDⓈ-M Futures, conditional orders can be triggered based on either the latest price or the mark price.
One thing worth considering: in a gap market, a stop-limit order may remain unfilled, rendering the stop-loss ineffective. That’s why many people prefer using a market order for stop-losses.
When placing take-profit or stop-loss orders in One-Way Mode, remember to check “Reduce-Only” to avoid the conditional order opening a new position in the opposite direction if your position has already been closed.
By the way: $BTC reports 82396 (24h +1.11%).
#BTC