Binance Square
LIVE
LIVE
ENSIGN TRADING
--1.5k views
🚨 Today’s Bitcoin Update ✅ TF: 1D Identification: Resistance Meaning: Bitcoin has broken into the top range as we discussed, but it is important to hold support (previous resistance) during the daily close. The current resistance is $31,500.

🚨 Today’s Bitcoin Update ✅

TF: 1D

Identification: Resistance

Meaning: Bitcoin has broken into the top range as we discussed, but it is important to hold support (previous resistance) during the daily close. The current resistance is $31,500.

LIVE
ENSIGN TRADING
--
🚨 Today’s Bitcoin Update ✅

TF: 1D

Identification: Support and Resistance

Meaning: Currently $28,600 is an important resistance to break, resistance zone in the chart.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@ENSIGNTRADING

Explore More From Creator

--
What is Liquidation ? Liquidation is a critical concept, particularly in leveraged trading, where traders borrow funds to amplify their positions. When traders use leverage, they have the potential to magnify their profits, but they also expose themselves to higher risks. Liquidation occurs when the value of a trader's position falls below a certain threshold, known as the liquidation price. At this point, the exchange automatically closes the trader's position to prevent further losses. Liquidation is a risk management mechanism implemented by exchanges to protect both traders and the exchange itself. By closing out positions that have reached or exceeded their liquidation price, exchanges ensure that traders cannot lose more than their initial investment or margin deposit. This helps to maintain the integrity of the trading platform and prevents traders from accumulating unsustainable losses. The liquidation process typically involves selling off the trader's assets to cover the outstanding debt or margin requirements. The proceeds from the liquidation are used to repay the borrowed funds and any associated fees. Depending on market conditions and the size of the position, liquidation can result in partial or full loss of the trader's assets. Traders must be mindful of their liquidation price and manage their risk accordingly when engaging in leveraged trading. Setting appropriate stop-loss orders and monitoring market conditions can help mitigate the risk of liquidation. Additionally, understanding the mechanics of liquidation and its implications is essential for navigating the complexities of crypto trading and protecting one's investment capital.
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs