My setup was right, but my risk management was wrong.
Entry: 0.1000
Target: 0.1300
Market suddenly dropped to 0.0940 around 1:30 AM.
Result: -$16 loss
The real mistake was using 50x Cross leverage with 100% of my balance exposed.
Lesson learned: A good setup means nothing without proper risk management.
Entry: 0.1000
Target: 0.1300
Market suddenly dropped to 0.0940 around 1:30 AM.
Result: -$16 loss
The real mistake was using 50x Cross leverage with 100% of my balance exposed.
Lesson learned: A good setup means nothing without proper risk management.