Practical knowledge won’t make me rich overnight, but it can help me pay less in tuition fees.
Today’s topic: Reduce-Only
On Binance USDⓈ-M contracts, opening and closing positions are placed as separate orders in Hedge Mode, so there’s no Reduce-Only option.
In One-Way Mode, I routinely check Reduce-Only when setting exit limit and conditional orders.
A quick glance: $BTC Current price 76802.34 (24h -2.15%).
Today’s topic: Reduce-Only
On Binance USDⓈ-M contracts, opening and closing positions are placed as separate orders in Hedge Mode, so there’s no Reduce-Only option.
In One-Way Mode, I routinely check Reduce-Only when setting exit limit and conditional orders.
A quick glance: $BTC Current price 76802.34 (24h -2.15%).