$SOL A $2.75 million long position was liquidated on the perpetual contract intraday, with the price around 102.1839.
Whenever I come across a liquidation alert like this, I first check my own leverage. At first, I only knew that getting liquidated was scary; later, I learned that liquidation depends not just on whether you're right about the direction, but also on how much leverage you're using and how much margin you've set aside. A sudden sharp move can wipe you out if your margin isn't enough.
When liquidation amounts are large, market sentiment is often just as extreme. Placing impulsive orders at such times can easily mean chasing the market at its most volatile.
Indicators may be unreliable, but risk management is essential: thinking through what you'll do if you're wrong matters more than predicting correctly.
#SOL
Whenever I come across a liquidation alert like this, I first check my own leverage. At first, I only knew that getting liquidated was scary; later, I learned that liquidation depends not just on whether you're right about the direction, but also on how much leverage you're using and how much margin you've set aside. A sudden sharp move can wipe you out if your margin isn't enough.
When liquidation amounts are large, market sentiment is often just as extreme. Placing impulsive orders at such times can easily mean chasing the market at its most volatile.
Indicators may be unreliable, but risk management is essential: thinking through what you'll do if you're wrong matters more than predicting correctly.
#SOL