This trade caught a minor loss of -$0.40 (-6.36%), primarily due to high leverage rather than a large price movement in Ethereum.

Trade Breakdown

Pair: ETHUSDT Perpetual

Direction: Long (Buy "B")

Leverage: 31X

Entry Price: $2,449.07

Close Price: $2,446.49

Price Movement: The price dropped by only $2.58 (~0.105%), but at 31x leverage, that tiny drop amplified into a 6.36% loss on your margin position.

Key Observations

Leverage Sensitivity: High leverage (31x) leaves almost zero room for normal market noise or minor pullbacks. Even a fraction of a percent fluctuation moves your PNL significantly.

Timing / Entry: Looking at the chart visual, the buy order ('B') was placed near a local low, but after a small bounce, the market didn't make a sustained higher high before rolling back down to the close point ('S').

Risk Management: The overall loss in absolute value ($0.40) is very low, meaning position sizing was small and risk was well controlled in dollar terms, even if the leverage was high.