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Long Trade vs Short Trade (Explained In Less Than 4 Minutes)In the context of cryptocurrency trading, going 'long' means buying a cryptocurrency and holding on to it in the hopes its price will rise. A long position represents your hope for price growth. When you "go long," you buy the cryptocurrency, embracing the potential for riches. Traders who go long expect the price to go up from a given point. Those who go short hope that the price will decline from the entry point.