Imran-Sajjad
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Imran-Sajjad
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$TRUMP
My TRUMP Trade is in Heavy Loss - But I am Still Bullish! 🚀
Today my #TRUMPUSDT Perp trade went into deep loss and I want to share my real PnL with you all.
As you can see in chart, TRUMP made a high of 1.802 in last 24H and now dumped to 1.665. Price is trading below MA(7), MA(25) and MA(99) which shows sellers are strong right now. My margin ratio is 29.37% so it's very risky.
Why my trade is in loss?
I took long at the top when MA's were bullish. Market suddenly dumped more than -5.79% and my long got trapped. High leverage 75x makes loss very fast.
Why I still think TRUMP will go up?
1. TRUMP is Official Trump meme coin, always volatile.
2. It has already taken liquidity from bottom near 1.665, so a short squeeze is possible.
3. If it holds above 1.67-1.68 zone, it can bounce back to 1.718 (my entry) and then to my TP 1.79.
4. Meme coins always recover fast after panic dump.
I am not closing in loss. My plan is to manage risk and wait for bounce. I will not add more margin blindly because liquidation is very near at 1.6136.
This is my personal experience, not financial advice. Futures trading with 75x is very risky, always use stop loss.
What do you think friends? Will TRUMP bounce back to 1.79? Should I hold or close?
#TRUMP #TRUMPUSDT #cryptolosses #BinanceFutures
$TRUMP
My TRUMP Trade is in Heavy Loss - But I am Still Bullish! 🚀
Today my #TRUMPUSDT Perp trade went into deep loss and I want to share my real PnL with you all.
As you can see in chart, TRUMP made a high of 1.802 in last 24H and now dumped to 1.665. Price is trading below MA(7), MA(25) and MA(99) which shows sellers are strong right now. My margin ratio is 29.37% so it's very risky.
Why my trade is in loss?
I took long at the top when MA's were bullish. Market suddenly dumped more than -5.79% and my long got trapped. High leverage 75x makes loss very fast.
Why I still think TRUMP will go up?
1. TRUMP is Official Trump meme coin, always volatile.
2. It has already taken liquidity from bottom near 1.665, so a short squeeze is possible.
3. If it holds above 1.67-1.68 zone, it can bounce back to 1.718 (my entry) and then to my TP 1.79.
4. Meme coins always recover fast after panic dump.
I am not closing in loss. My plan is to manage risk and wait for bounce. I will not add more margin blindly because liquidation is very near at 1.6136.
This is my personal experience, not financial advice. Futures trading with 75x is very risky, always use stop loss.
What do you think friends? Will TRUMP bounce back to 1.79? Should I hold or close?
#TRUMP #TRUMPUSDT #cryptolosses #BinanceFutures
My TRUMP Trade is in Heavy Loss - But I am Still Bullish! 🚀
Today my #TRUMPUSDT Perp trade went into deep loss and I want to share my real PnL with you all.
As you can see in chart, TRUMP made a high of 1.802 in last 24H and now dumped to 1.665. Price is trading below MA(7), MA(25) and MA(99) which shows sellers are strong right now. My margin ratio is 29.37% so it's very risky.
Why my trade is in loss?
I took long at the top when MA's were bullish. Market suddenly dumped more than -5.79% and my long got trapped. High leverage 75x makes loss very fast.
Why I still think TRUMP will go up?
1. TRUMP is Official Trump meme coin, always volatile.
2. It has already taken liquidity from bottom near 1.665, so a short squeeze is possible.
3. If it holds above 1.67-1.68 zone, it can bounce back to 1.718 (my entry) and then to my TP 1.79.
4. Meme coins always recover fast after panic dump.
I am not closing in loss. My plan is to manage risk and wait for bounce. I will not add more margin blindly because liquidation is very near at 1.6136.
This is my personal experience, not financial advice. Futures trading with 75x is very risky, always use stop loss.
What do you think friends? Will TRUMP bounce back to 1.79? Should I hold or close?
#TRUMP #TRUMPUSDT #cryptolosses #BinanceFutures
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