๐ Binance futures liquidations totaled about $2.05 million in the past hour, with longs accounting for 36.6% ($751,000 in long positions / $1.3 million in short positions). The most liquidated position belonged to $ETH .
More shorts were liquidated, which generally corresponds to a period of rising prices.
When long positions are liquidated, the system sells them on the market to close them; when short positions are liquidated, the system buys them back to close them.
Working backward from where you place your stop-loss to determine your position size is much more reliable than placing trades on a whim.
#ETH
More shorts were liquidated, which generally corresponds to a period of rising prices.
When long positions are liquidated, the system sells them on the market to close them; when short positions are liquidated, the system buys them back to close them.
Working backward from where you place your stop-loss to determine your position size is much more reliable than placing trades on a whim.
#ETH