Orders are positions waiting to be opened.
Glossary for the image above: ⤵️
Bitcoin: This is the asset you are currently trading.
Long 10x: The direction of your trade and the amount of leverage.
Entry: This is the current USD value of the cryptocurrency you want to trade.
Limit $35,000: When bitcoin reaches this price, your position will open.
Collateral: This is the amount of money you will enter the trade with, which may be lost in a liquidation.
Liq. Price: This is the price at which your trade will be automatically closed or "liquidated."
Cancel: This allows you to cancel the order before it takes effect.
Last updated 2 years ago
