$SOL A long position worth $542,000 was liquidated during this round of volatility in perpetual contracts.
Whenever I come across this kind of liquidation alert, I instinctively check my own positions. I used to know only that getting liquidated was scary; later, I learned that liquidation happens when losses on a leveraged position cause its margin to fall below the maintenance margin, and the system forcibly closes the position. The higher the leverage, the closer the liquidation price is to the entry price.
Indicators may be inaccurate, but you shouldn't skip setting a stop-loss: deciding in advance what to do if you're wrong matters more than whether your prediction is right.
Whenever I come across this kind of liquidation alert, I instinctively check my own positions. I used to know only that getting liquidated was scary; later, I learned that liquidation happens when losses on a leveraged position cause its margin to fall below the maintenance margin, and the system forcibly closes the position. The higher the leverage, the closer the liquidation price is to the entry price.
Indicators may be inaccurate, but you shouldn't skip setting a stop-loss: deciding in advance what to do if you're wrong matters more than whether your prediction is right.