Reduce Only is a special order condition designed to ensure that an order will only decrease or close an existing position. If executing a Reduce Only order would increase your position size, the order will either be canceled immediately or adjusted to prevent any increase.
For more details on other order types, please refer to the guide below:
👉 https://phemex.com/help-center/type-of-orders-on-phemex
For any inquiries contact us at support@phemex.com
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