Let’s talk about the average entry price.
Funding fees paid while holding a position also count as costs. The longer you hold, the more costs you need to make up; funding fees received can offset some of them.
To be honest, I hadn’t paid attention to this before either: when setting take-profit levels and calculating the breakeven price, factor in opening and closing fees and any funding fees already paid.
By the way: $BTC is quoting 76022.44, 24h +0.014%.
Before opening a position, check the liquidation price. If it’s too close to the current price, reduce your position size.
#BTC
Funding fees paid while holding a position also count as costs. The longer you hold, the more costs you need to make up; funding fees received can offset some of them.
To be honest, I hadn’t paid attention to this before either: when setting take-profit levels and calculating the breakeven price, factor in opening and closing fees and any funding fees already paid.
By the way: $BTC is quoting 76022.44, 24h +0.014%.
Before opening a position, check the liquidation price. If it’s too close to the current price, reduce your position size.
#BTC
