What is the Reduce-Only option for?
In One-Way Mode, conditional orders such as take-profit and stop-loss orders can also be set to Reduce-Only. If your position has already been closed when the order is triggered, it won't open a new position in the opposite direction.
On Binance USDⓈ-M Futures, opening and closing orders are placed separately in Hedge Mode, so the Reduce-Only option isn't available.
One thing to keep in mind when managing your positions: after closing a position yourself, remember to check whether any existing take-profit or stop-loss orders are still open and cancel them if needed.
$BTC 74378.61（-0.74%）
In One-Way Mode, conditional orders such as take-profit and stop-loss orders can also be set to Reduce-Only. If your position has already been closed when the order is triggered, it won't open a new position in the opposite direction.
On Binance USDⓈ-M Futures, opening and closing orders are placed separately in Hedge Mode, so the Reduce-Only option isn't available.
One thing to keep in mind when managing your positions: after closing a position yourself, remember to check whether any existing take-profit or stop-loss orders are still open and cancel them if needed.
$BTC 74378.61（-0.74%）