Price has returned to your average entry price, so why are you still not breaking even? Many people can't answer this!
Adding to a long position at a price below the average entry price lowers the average, but it also increases your position size, so a pullback of the same magnitude results in a bigger loss.
The break-even price is the price at which you neither profit nor lose after accounting for fees and funding: for a long position, it's usually slightly above the average entry price; for a short position, it's slightly below.
Don't use borrowed money to trade with leverage—losses are often bigger than expected.
$BTC 82050.01（-1.3%）
#BTC
Adding to a long position at a price below the average entry price lowers the average, but it also increases your position size, so a pullback of the same magnitude results in a bigger loss.
The break-even price is the price at which you neither profit nor lose after accounting for fees and funding: for a long position, it's usually slightly above the average entry price; for a short position, it's slightly below.
Don't use borrowed money to trade with leverage—losses are often bigger than expected.
$BTC 82050.01（-1.3%）
#BTC