You have a long position and place another sell order—is it closing the position or opening a short?
One detail: In hedge mode, holding equal-sized long and short positions at the same time means gains and losses from price movements largely offset each other, but you still pay opening and closing fees.
Hedge mode is often used when you need to hold positions in both directions at once, such as holding a long-term long position while using a short-term short position to manage a pullback.
Understanding this matters more than memorizing a bunch of terms. With contract positions, think about your stop-loss first, then how much you could earn.
Market data at the end: $BTC reported 78198.33, 24h +1.2%.
One detail: In hedge mode, holding equal-sized long and short positions at the same time means gains and losses from price movements largely offset each other, but you still pay opening and closing fees.
Hedge mode is often used when you need to hold positions in both directions at once, such as holding a long-term long position while using a short-term short position to manage a pullback.
Understanding this matters more than memorizing a bunch of terms. With contract positions, think about your stop-loss first, then how much you could earn.
Market data at the end: $BTC reported 78198.33, 24h +1.2%.