Open a Long Position

Learn how to open a long position in Marginly

About

Taking a long position means you are betting on a price increase. In this case a loan is taken out in a stablecoin (or other quote asset) to buy more of the asset with the goal of making a profit when the price moves up.

Step-by-step guide

1. Select a pool with the desired asset on the main screen of the app.

2. Input margin amount (1), choose leverage (2) and press Long button (3)

3. Sign transaction in wallet

4. Receive confirmation