$PUMP A $900,000 long position was liquidated during this round of volatility in the perpetual futures market, at around 0.004517.
Let's take a look at what this figure tells us.
When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys back to close it.
The risk of leveraged trading is that even if you ultimately get the direction right, price fluctuations along the way may wipe out your position early.
Cross-checking multiple indicators is more reliable than looking at just one, but even more indicators can't give you a definitive answer.
Let's take a look at what this figure tells us.
When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys back to close it.
The risk of leveraged trading is that even if you ultimately get the direction right, price fluctuations along the way may wipe out your position early.
Cross-checking multiple indicators is more reliable than looking at just one, but even more indicators can't give you a definitive answer.