To bring to users a better product and better user experience, Toobit has rolled out a new feature -- Reverse Position -- which allows users to close their current positions and open new positions in the opposite direction. With this upgrade, traders can easily adjust their trades and positions in response to the latest market conditions with just one click.
The Reverse Position feature is available in: USDT-M perpetual futures contracts
Rules of Use:
1. Click and enter the amount of reverse open positions smaller than or equal to the current position amount, and after confirming that the information on the order is correct, the system will close all positions at market price, and cancel the opposite direction orders before closing positions , and then open positions of the same contract species and the same leverage multiplier in the opposite direction at market price.
2. If the available balance is insufficient, the system will open positions in accordance with the maximum number of opening.
3. If the current amount of positions is too large, the reverse opening will need to be done in accordance with the maximum number of positions that can be opened at a single time on the platform.
4. Due to margin, market conditions and other factors, your operation may not be 100% successful， and it may fail where opening a position in reverse after closing.
Risk reminder：Digital assets are innovative products with high risks and strong professionalism. Please judge your own investment ability rationally and make investment decisions carefully. Toobit does not assume any responsibility for any investment behaviour of users, such as guarantee or compensation etc.