How to sell currency-margined contracts

Selling coin-standardized contracts is suitable for predicting cryptocurrency price declines and involves the following steps: Select an exchange that supports coin-standardized contracts. Create an account and top up stablecoins. Select a cryptocurrency pair and set a sell order. Enter the contract quantity, stop loss and take profit prices. Confirm orders and monitor their status. Things to note: Use leverage with caution, manage risk with stop-loss and take-profit orders, and research cryptocurrencies and develop a trading strategy.

Coin-margined contract selling guide

Coin-margined contract is a derivatives contract that is denominated and settled in stablecoins (such as USDT), allowing traders to go long or short cryptocurrencies with leverage . Selling a coin-margined contract indicates that you believe the price of the cryptocurrency you are tracking will fall.

How to sell coin-margined contracts:

1. Choose a trading platform:
First, you need to choose a cryptocurrency exchange that supports coin-margined contract trading.

2. Create an account:
Create an account on the selected trading platform and complete the identity verification process.

3. Deposit funds:
Deposit stablecoins (such as USDT) into your trading account.

4. Select Coin-Standard Contracts Market:
Navigate to the Coin-Standard Contracts Market on the trading platform and select the specific cryptocurrency pair you want to trade.

5. Set a sell order:
In the order entry interface, select the "Sell" option. Enter the number of contracts you want to sell and the stop-loss and take-profit prices you want to execute (optional).

6. Confirm order:
Check your order information carefully, including quantity, price and leverage, and then confirm the sell order.

7. Monitor Orders:
Your sell order will be placed in the order book, waiting to be matched with a buy order. You can monitor the status of your order and make adjustments as needed.

Notes on selling coin-margined contracts:

• Leveraged trading can amplify gains and losses, so it needs to be used with caution.
• Stop Loss and Take Profit orders can help manage risk but are not guaranteed to prevent loss.
• Market fluctuations may cause order execution delays or slippage.
• Before selling, always research the cryptocurrency you are trading and develop a clear trading strategy.

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