【Term explanation】What does the "reduce-only" option do?
If the quantity of a reduce-only order exceeds your current position, the excess won't create a position in the opposite direction; the order will be adjusted or canceled according to the rules.
Relevant coin: $BTC Current price: 68239 (24h -3.51%).
Before placing an order, check the liquidation price. If it's too close to the current price, reduce your position size.
#BTC
If the quantity of a reduce-only order exceeds your current position, the excess won't create a position in the opposite direction; the order will be adjusted or canceled according to the rules.
Relevant coin: $BTC Current price: 68239 (24h -3.51%).
Before placing an order, check the liquidation price. If it's too close to the current price, reduce your position size.
#BTC