❗️ Binance futures liquidations totaled $5.72 million in the past hour, with $ETH recording the most.
Take two seconds to calm down and understand forced liquidation before you act 👇
The higher the leverage, the closer the liquidation price is to the entry price: the price doesn’t need to move very far for your position to be liquidated.
When liquidation amounts are large, market sentiment is usually highly charged too. Placing orders impulsively at such times can mean entering at the most extreme point of a fluctuation.
Sizing your position based on your stop-loss distance is much more reliable than making a snap decision.
#ETH
Take two seconds to calm down and understand forced liquidation before you act 👇
The higher the leverage, the closer the liquidation price is to the entry price: the price doesn’t need to move very far for your position to be liquidated.
When liquidation amounts are large, market sentiment is usually highly charged too. Placing orders impulsively at such times can mean entering at the most extreme point of a fluctuation.
Sizing your position based on your stop-loss distance is much more reliable than making a snap decision.
#ETH