A question: What is the Reduce-Only option for?
On Binance USDⓈ-M futures, opening and closing orders are already placed separately in Hedge Mode, so there’s no Reduce-Only option.
In One-Way Mode, the same buy or sell order can either open or close a position. Reduce-Only is used to ensure that an order can only close a position, not open one.
In One-Way Mode, it’s best to enable Reduce-Only for orders and conditional orders intended to close a position.
For reference, right now: $BTC , price 68,306.01, 24h -3.65%.
Just chatting—don’t take this as investment advice.
On Binance USDⓈ-M futures, opening and closing orders are already placed separately in Hedge Mode, so there’s no Reduce-Only option.
In One-Way Mode, the same buy or sell order can either open or close a position. Reduce-Only is used to ensure that an order can only close a position, not open one.
In One-Way Mode, it’s best to enable Reduce-Only for orders and conditional orders intended to close a position.
For reference, right now: $BTC , price 68,306.01, 24h -3.65%.
Just chatting—don’t take this as investment advice.
