-
Bitcoin $96,030.9700
0.95% - Ethereum
$1,844.6824
1.91% - Tether USDt
$1.0003
0.00% - XRP
$2.2342
-0.10% - BNB
$602.8988
0.15% - Solana
$151.7701
2.68% - USDC
$1.0002
0.02% - Dogecoin
$0.1784
1.53% - Cardano
$0.7051
0.77% - TRON
$0.2486
1.31% - Sui
$3.6452
2.87% - Chainlink
$14.9554
2.26% - Avalanche
$21.4360
-1.19% - Stellar
$0.2785
-0.12% - UNUS SED LEO
$8.9293
-1.18% - Shiba Inu
$0.0...01354
0.44% - Hedera
$0.1885
1.40% - Toncoin
$3.1757
-1.96% - Bitcoin Cash
$370.5763
0.51% - Hyperliquid
$19.9129
7.27% - Litecoin
$86.6263
1.81% - Polkadot
$4.1747
0.24% - Dai
$1.0002
0.01% - Bitget Token
$4.3892
-0.19% - Monero
$274.2034
0.38% - Ethena USDe
$1.0006
0.08% - Pi
$0.6112
5.24% - Pepe
$0.0...08984
-0.93% - Aptos
$5.5225
1.81% - Uniswap
$5.3412
-0.66%
How to short Luna on Dubai OKX
By enabling margin trading on OKX, users can borrow Luna to place short positions, profiting from its price decline while managing risk with tools like Stop-Loss and Take-Profit orders.
Oct 22, 2024 at 04:42 pm
How to Short Luna on Dubai OKX
Step 1: Create an OKX Account and Deposit Funds
- Visit the official OKX website [https://www.okx.com](https://www.okx.com/) and create an account.
- Verify your identity by completing KYC.
- Deposit funds into your OKX wallet using supported payment methods (e.g., cryptocurrencies, fiat currencies).
Step 2: Enable Margin Trading
- Go to "Dashboard" and click "Settings."
- Under the "Trading" section, enable "Margin Trading."
Step 3: Fund Your Margin Account
- Transfer Luna from your Spot wallet to your Margin wallet.
- Select "Luna," click "Transfer," and specify the amount you want to transfer.
Step 4: Place a Short Order
- Go to the "Futures" section.
- Select "Luna/USDT" or any other Luna trading pair.
- Choose "Short" from the order type options.
- Enter the number of contracts you want to short.
- Set the leverage you want to use (e.g., 10x, 20x).
- Click "Short."
Step 5: Manage Your Short Position
- Monitor your short position in the "Positions" tab under "Futures."
- Utilize Stop-Loss and Take-Profit orders to manage your risk and potential profits.
- Close your short position at any time by placing a "Long" order for the same number of contracts.
Additional Notes:
- You can only short Luna if you have borrowed it from the OKX Margin pool.
- Margin trading involves high risk and can result in significant losses, especially during volatile market conditions.
- The leverage you use will amplify both your potential profits and losses.
- Carefully consider your investment goals and risk tolerance before shorting Luna or any cryptocurrency.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- North Carolina May Become One of the First States to Allow Its Pension Funds to Invest in Cryptocurrencies
- 2025-05-01 19:25:12
- Ubisoft Launches a Decentralized Verification Network (DVN) That Integrates with LayerZero's Cross-chain Messaging Protocol
- 2025-05-01 19:25:12
- Pi Coin (PI/USD) Price Prediction: Will the Market Continue to Consolidate or Will We See a Breakout?
- 2025-05-01 19:20:13
- Meme Coin DOGE Surpassed $0.18
- 2025-05-01 19:20:13
- Cardano (ADA) Price Prediction: Will It Break Out Above $0.70 and Reverse the Downward Channel?
- 2025-05-01 19:15:12
- Nigerian Naira Appreciates by 0.03% or N55 Kobo Against the US Dollar
- 2025-05-01 19:15:12
Related knowledge
What is the use of the lock-up function of Bybit contract? Can it hedge risks?
May 01,2025 at 08:15am
The lock-up function of Bybit's contract trading platform is a feature designed to help traders manage their positions more effectively and potentially hedge against risks. This function allows traders to lock in their profits or losses at a specific price level, providing a tool to control their exposure to market volatility. In this article, we will d...
How to set up grid trading for Bybit contract? Is it suitable for volatile market?
May 01,2025 at 08:14am
Setting up grid trading for Bybit contracts involves a series of steps that can be executed through the Bybit platform. Grid trading is an automated trading strategy that involves placing buy and sell orders at regular intervals, known as grids, within a specified price range. This strategy can be particularly appealing in volatile markets, where price ...
Can multiple stop-profit and stop-loss be set for Bybit contract? How to close positions in batches?
May 01,2025 at 08:14am
Can Multiple Stop-Profit and Stop-Loss be Set for Bybit Contract? How to Close Positions in Batches?Bybit, one of the leading cryptocurrency derivatives trading platforms, offers traders a variety of tools to manage their trading strategies effectively. Among these tools, stop-profit (take-profit) and stop-loss orders play a crucial role in risk managem...
Where is the simulated trading function of Bybit contract? How should novices practice?
Apr 30,2025 at 11:14pm
Bybit, a leading cryptocurrency derivatives trading platform, offers a simulated trading function that allows users to practice trading without risking real money. This feature is particularly beneficial for novices who want to familiarize themselves with the platform and the dynamics of trading cryptocurrency contracts. In this article, we will explore...
How to choose Jupiter(JUP) exchange? Which platform has better liquidity?
May 01,2025 at 05:56pm
Choosing the right exchange for trading Jupiter (JUP) tokens is crucial for maximizing your trading experience and potential profits. Jupiter is a decentralized exchange (DEX) aggregator on the Solana blockchain, designed to provide users with the best possible trade routes across multiple DEXs. When selecting a platform for Jupiter, several factors nee...
What POL exchanges are recommended? Choose a safe platform
Apr 30,2025 at 12:57pm
In the ever-evolving world of cryptocurrencies, selecting a safe and reliable exchange to trade POL (Polkadot) is crucial. This article will guide you through some of the recommended POL exchanges and help you choose a platform that prioritizes safety and security. We will delve into the features, benefits, and step-by-step processes for using these exc...
What is the use of the lock-up function of Bybit contract? Can it hedge risks?
May 01,2025 at 08:15am
The lock-up function of Bybit's contract trading platform is a feature designed to help traders manage their positions more effectively and potentially hedge against risks. This function allows traders to lock in their profits or losses at a specific price level, providing a tool to control their exposure to market volatility. In this article, we will d...
How to set up grid trading for Bybit contract? Is it suitable for volatile market?
May 01,2025 at 08:14am
Setting up grid trading for Bybit contracts involves a series of steps that can be executed through the Bybit platform. Grid trading is an automated trading strategy that involves placing buy and sell orders at regular intervals, known as grids, within a specified price range. This strategy can be particularly appealing in volatile markets, where price ...
Can multiple stop-profit and stop-loss be set for Bybit contract? How to close positions in batches?
May 01,2025 at 08:14am
Can Multiple Stop-Profit and Stop-Loss be Set for Bybit Contract? How to Close Positions in Batches?Bybit, one of the leading cryptocurrency derivatives trading platforms, offers traders a variety of tools to manage their trading strategies effectively. Among these tools, stop-profit (take-profit) and stop-loss orders play a crucial role in risk managem...
Where is the simulated trading function of Bybit contract? How should novices practice?
Apr 30,2025 at 11:14pm
Bybit, a leading cryptocurrency derivatives trading platform, offers a simulated trading function that allows users to practice trading without risking real money. This feature is particularly beneficial for novices who want to familiarize themselves with the platform and the dynamics of trading cryptocurrency contracts. In this article, we will explore...
How to choose Jupiter(JUP) exchange? Which platform has better liquidity?
May 01,2025 at 05:56pm
Choosing the right exchange for trading Jupiter (JUP) tokens is crucial for maximizing your trading experience and potential profits. Jupiter is a decentralized exchange (DEX) aggregator on the Solana blockchain, designed to provide users with the best possible trade routes across multiple DEXs. When selecting a platform for Jupiter, several factors nee...
What POL exchanges are recommended? Choose a safe platform
Apr 30,2025 at 12:57pm
In the ever-evolving world of cryptocurrencies, selecting a safe and reliable exchange to trade POL (Polkadot) is crucial. This article will guide you through some of the recommended POL exchanges and help you choose a platform that prioritizes safety and security. We will delve into the features, benefits, and step-by-step processes for using these exc...
See all articles
