I’ve officially opened the LMC4 with its first 100 USDC bullet.
The price came quite close to the support zone between 82k and 81k, so it’s not a bad entry.
Of course, it might drop a little further, at most to 75k, but I think that’s unlikely. Even if it does, that’s what we have the remaining bullets for: to average down.
With this step-by-step approach, the goal of averaging down is to:
1. Lower the liquidation price.
2. Divide the capital to defend the position, even as the price falls, by lowering the liquidation price and adding more margin.
$BTC #trading
The price came quite close to the support zone between 82k and 81k, so it’s not a bad entry.
Of course, it might drop a little further, at most to 75k, but I think that’s unlikely. Even if it does, that’s what we have the remaining bullets for: to average down.
With this step-by-step approach, the goal of averaging down is to:
1. Lower the liquidation price.
2. Divide the capital to defend the position, even as the price falls, by lowering the liquidation price and adding more margin.
$BTC #trading