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How to short with leverage #DOLO# ?
In margin trading, if you predict that the price of a certain coin (such as BTC) will fall, you can choose to short to make a profit. The basic steps for shorting are as follows, taking the BTC/USDT trading pair as an example:
Basic Steps
1. Fund Transfer
Transfer funds from your Spot account to your Margin account. You can only transfer the coin from the trading pair you have chosen (in this case, you can only transfer BTC or USDT).
2. Borrow BTC
Borrow BTC in your Margin account. The shorting operation involves selling the coin first and then buying it back after the price falls.
3. Sell High
After borrowing BTC, sell BTC when the price is high.
4. Wait for Price to Fall
After selling BTC, wait for the price of BTC to fall to your expected target price.
5. Buy Low
When the price of BTC falls to your target price, buy the same amount of BTC.
6. Repay
Use the bought BTC to repay the BTC you borrowed earlier.