🐋 Beyond reading the charts, this is worth knowing too: Reduce-Only
A Reduce-Only order will only reduce an existing position. It won’t increase your position or open a new position in the opposite direction.
Think of Reduce-Only as an extra safety net for closing orders: no matter how large the quantity you enter, it can only reduce your existing position to zero at most.
For reference, the current price is 81152.01 (24h -3.64%) for $BTC .
Futures aren’t essential. Until you understand them, it’s safer to stay away.
A Reduce-Only order will only reduce an existing position. It won’t increase your position or open a new position in the opposite direction.
Think of Reduce-Only as an extra safety net for closing orders: no matter how large the quantity you enter, it can only reduce your existing position to zero at most.
For reference, the current price is 81152.01 (24h -3.64%) for $BTC .
Futures aren’t essential. Until you understand them, it’s safer to stay away.