Your position in the short BEAMXUSDT with a leverage of 75x, and the current ROI is +174.96%. This is a high risk because the liquidation price of 0.0110775 USDT is very close to the current price of 0.0107913 USDT. What you can do: 1. Lock in some profit – you can close part of your position to reduce risks. 2. Move the stop-loss – if you want to hold the position, you can tighten the stop-loss closer to the current price. 3. Wait for a larger drop – but this is risky as the market may reverse.
It all depends on your plan: if you want to safely secure profits – lock in at least part, if you are confident in the drop – hold, but with a stop. You don't have one. Only take-profit at 0.0092800 USDT, and it won't save you if the price reverses upwards!
Take-profit is a target for locking in profits, but it will not protect you from losses. #Write2Earn #Write2Earn! #binance #BinanceSquareTalks
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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