The market really can plunge—one sharp drop took it right through 68,000. My BTC long at #BTC is underwater. Is there still a chance it can recover this time? I hedged one position earlier and made 900 points, but now I’m still down 3,800 points. It needs to rebound to 70,500 for me to break even. Do you think there’s still hope?
I thought it would bounce at 70,000 this time, but it dropped straight through. Still, unless it bounces first, I don’t want to close my long position. I’ll hold it for now and see what happens. The liquidation price for this copy-trading position is currently 63,000, so I don’t dare add to it—I’m afraid a sudden drop could cause a huge wick and liquidate me.
I thought it would bounce at 70,000 this time, but it dropped straight through. Still, unless it bounces first, I don’t want to close my long position. I’ll hold it for now and see what happens. The liquidation price for this copy-trading position is currently 63,000, so I don’t dare add to it—I’m afraid a sudden drop could cause a huge wick and liquidate me.
