No jokes today: over the past 4 hours, Binance futures liquidations totaled about $49.51 million, with long positions accounting for 97.1%. The largest liquidation was $BTC .
My rule: keep positions small enough to sleep well, and set stop-loss levels more reliable than an alarm clock.
A quick explanation: long liquidations happen when leveraged positions betting on prices to rise are forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen when prices rise.
Don’t let a single indicator throw off your original plan, and never use borrowed money to test a hunch.
My rule: keep positions small enough to sleep well, and set stop-loss levels more reliable than an alarm clock.
A quick explanation: long liquidations happen when leveraged positions betting on prices to rise are forcibly closed, usually when prices fall. Short liquidations are the opposite and tend to happen when prices rise.
Don’t let a single indicator throw off your original plan, and never use borrowed money to test a hunch.
