$ETH During this round of volatility in perpetual contracts, a $2.85 million long position was liquidated at around 2351.15.
Folks, what exactly is liquidation? Here's the explanation in a nutshell 👇
Forced liquidation (also called getting liquidated) means: when losses on a leveraged position reduce its margin below the maintenance margin requirement, the system automatically closes the position.
The key to leveraged trading is understanding that even if your prediction eventually turns out to be right, a sudden wick along the way could liquidate your position first.
Don't place an order at the peak of volatility. Wait for the candlestick to close before taking a look.
Folks, what exactly is liquidation? Here's the explanation in a nutshell 👇
Forced liquidation (also called getting liquidated) means: when losses on a leveraged position reduce its margin below the maintenance margin requirement, the system automatically closes the position.
The key to leveraged trading is understanding that even if your prediction eventually turns out to be right, a sudden wick along the way could liquidate your position first.
Don't place an order at the peak of volatility. Wait for the candlestick to close before taking a look.
