Thank you for your question! Once you open a futures position on Binance, you cannot fully edit it, but you can strategically manage key aspects: $BTC
1. Add or remove margin: If you are in isolated mode, you can manually adjust the margin, which helps you better control the risk of that position. $ETH
2. Modify leverage:
You cannot reduce it (backward) if you have already opened the position (for example, from x2 to x1).
You can increase it (forward), going from x2 to x3, x5, etc., even with the position open.
3. Manage exit: You can close part or all of the contract at any time, or set and adjust your Take Profit / Stop Loss if you did not do it when opening the position.
4. Adapt strategy: It is possible to move TP/SL orders according to market evolution and your technical analysis.
Important: All these actions should respond to a well-defined strategy. Improvising in futures can be very costly. $XRP
Do you have more questions about futures or Copy Trading? Leave them in the comments, and I will respond from my experience as NomadaCripto.
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