How do I close an open order on Binance?

The system will automatically implement the “Reduce only” risk control measures and notify the user via email. Once this measure is in place the user will only be able to reduce the position of the contract, and will not be able to increase their position or open new positions.

If users wish to adjust their position limit, users can access the Position Limit Adjustment site to make a request – simply select a trading pair, and make an increase or decrease on the max position limit on the trading pair.

The Reduce-only option enables you to create buy and sell orders meant to reduce an existing position without opening an opposite long or short position worth more than the current value of your leveraged assets .19 Kas 2021

How to Cancel an Order