🐋 Beyond reading charts, you should also understand this basic concept: one-way and hedge mode positions
In hedge mode, you hold the same amount of long and short positions at the same time. Gains and losses from price fluctuations largely offset each other, but trading fees still apply.
One-way mode is more straightforward: each trading pair has only one net position, and buying or selling only increases or decreases that same position.
Here’s a market update: $BTC is at 78001.83, up 0.64% in 24 hours.
Once you’ve set a stop-loss order, stick to it—don’t cancel it when the price reaches your stop.
#BTC
In hedge mode, you hold the same amount of long and short positions at the same time. Gains and losses from price fluctuations largely offset each other, but trading fees still apply.
One-way mode is more straightforward: each trading pair has only one net position, and buying or selling only increases or decreases that same position.
Here’s a market update: $BTC is at 78001.83, up 0.64% in 24 hours.
Once you’ve set a stop-loss order, stick to it—don’t cancel it when the price reaches your stop.
#BTC