đ° Turning a 3,961 U margin into 60,000 U: the truth is that SOL fell 23.41%
On-chain data shows a 50x SOL short: entered at 112.79, exited at 86.39, banking 60,529.80 Uâa 1,170.28% return on just 3,961.63 U in margin.
Two other 100x shorts: an ETH trade entered at 2,322.81 and exited at 2,130.91, earning 34,997.93 U; a BTC trade entered at 75,272.5 and exited at 75,232, earning 2,017.98 U.
The truth about leverage: a 2% move against you wipes out a 50x position; a 1% move against you wipes out a 100x position. SOL had to fall 23.41% to deliver 11 times the initial margin. Get the direction wrong by just two points, and itâs gone.
All three positions were open at the same time; a 5% rebound would have wiped them all out. This isnât a strategyâitâs that the downturn happened to go their way.
Market snapshot: BTC at 74,803, up 1.19%; ETH at 2,114, up 0.92%; SOL at 86.05, up 0.46%. Unless it can break above 75,568, this is just a rebound.
đ Investment Recommendations
⢠BTC â Bullish (as long as 74,800 holds)
Take Profit (TP): $80,800
Stop Loss (SL): $68,800
⢠SOL â Bullish
Take Profit (TP): $96.40
Stop Loss (SL): $75.70
â ď¸ Disclaimer: The above is solely a personal opinion and does not constitute investment advice. Markets are volatile. Please DYOR and invest at your own risk.
On-chain data shows a 50x SOL short: entered at 112.79, exited at 86.39, banking 60,529.80 Uâa 1,170.28% return on just 3,961.63 U in margin.
Two other 100x shorts: an ETH trade entered at 2,322.81 and exited at 2,130.91, earning 34,997.93 U; a BTC trade entered at 75,272.5 and exited at 75,232, earning 2,017.98 U.
The truth about leverage: a 2% move against you wipes out a 50x position; a 1% move against you wipes out a 100x position. SOL had to fall 23.41% to deliver 11 times the initial margin. Get the direction wrong by just two points, and itâs gone.
All three positions were open at the same time; a 5% rebound would have wiped them all out. This isnât a strategyâitâs that the downturn happened to go their way.
Market snapshot: BTC at 74,803, up 1.19%; ETH at 2,114, up 0.92%; SOL at 86.05, up 0.46%. Unless it can break above 75,568, this is just a rebound.
đ Investment Recommendations
⢠BTC â Bullish (as long as 74,800 holds)
Take Profit (TP): $80,800
Stop Loss (SL): $68,800
⢠SOL â Bullish
Take Profit (TP): $96.40
Stop Loss (SL): $75.70
â ď¸ Disclaimer: The above is solely a personal opinion and does not constitute investment advice. Markets are volatile. Please DYOR and invest at your own risk.