1. Long Position (Going Long):
Going long means that an investor expects the market to rise in the future and buys a certain amount of cryptocurrency assets using a long contract.
When you expect the contract price to increase, you can take a long position in the contract.
Process: Invest a portion of USDT as margin, select the desired leverage. Once the contract price rises, sell the contract at a higher price to gain profit, i.e., buy low, sell high.
2. Short Position (Going Short):
Going short means that an investor expects the market to decline in the future and sells a certain amount of cryptocurrency assets using a short contract.
When you expect the contract price to decrease, you can take a short position in the contract.
Process: Invest a portion of USDT as margin, select the desired leverage. Once the contract price falls, buy the contract back at a lower price to gain profit, i.e., sell high, buy low.