Crypto Trivia 📚 Reduce-Only
If a reduce-only order exceeds your current position size, the excess won’t open a position in the opposite direction. The order will be adjusted or canceled according to the rules.
Orders marked Reduce-Only can only reduce an existing position. They can’t increase your position or open a new one in the opposite direction.
When I first got into crypto, I thought knowing how to read candlestick charts was enough. Later, I realized that mastering the basics is just the first step.
Coin in the example: $BTC at 77001.85 (24h -1.9%).
#BTC
Make your own trading decisions—don’t follow the crowd blindly.
If a reduce-only order exceeds your current position size, the excess won’t open a position in the opposite direction. The order will be adjusted or canceled according to the rules.
Orders marked Reduce-Only can only reduce an existing position. They can’t increase your position or open a new one in the opposite direction.
When I first got into crypto, I thought knowing how to read candlestick charts was enough. Later, I realized that mastering the basics is just the first step.
Coin in the example: $BTC at 77001.85 (24h -1.9%).
#BTC
Make your own trading decisions—don’t follow the crowd blindly.