It is time to grab short position.Shorting crypto means you profit when the price goes down. On Binance, taking a short position is easy using Futures trading. Here’s a quick guide:
1. Open a Binance Futures Account:
Go to Binance Futures and enable your Futures wallet.
2. Transfer Funds:
Move USDT or another supported asset to your Futures wallet.
3. Choose Your Pair:
Select the crypto you want to short (e.g., BTC/USDT).
4. Select “Sell/Short”:
On the trading screen, choose Sell. This opens a short position.
5. Set Leverage (Optional):
Binance lets you use leverage. Be careful—higher leverage = higher risk.
6. Monitor and Close Your Position:
If the price drops, your position gains value. Close it to lock in profits.
Tips:
Use Stop-Loss to manage risk.
Practice with small amounts first.
Disclaimer: Shorting is risky. Only trade what you can afford to lose.