Short Liquidation Overview on $STEEM
Current Liquidation Amount: $8.0597K
Liquidation Price: $0.28716
Market Entry Point
The ideal entry point for shorting $STEEM is closely monitored as the price approaches resistance levels, specifically around $0.28716.
Target Price
The primary target for this short position is set at a significant lower threshold of $0.25, allowing for a reasonable profit margin based on current market conditions.
Stop Loss Order
In order to mitigate potential losses, a stop loss is advisable at $0.295. This prevents excessive losses should the market trend unexpectedly reverse against the position.
Win-Loss Ratio Analysis
Calculating the win-loss ratio for this trade, we project potential profits versus possible losses. With the entry at $0.28716 and a target of $0.25, we estimate a favorable win-loss ratio of approximately 2:1, offering solid risk-reward dynamics for STEEM trading.
Conclusion
Given the current market posture, traders are advised to approach with caution but can capitalize on this shrewd short opportunity with $STEEM . Attention to market signals remains critical to optimize outcomes.
Investment Disclaimer
Investments are subject to high market risks, including extreme volatility, regulatory changes, and the potential loss of principal. Past performance does not guarantee future results. Always assess your risk tolerance, conduct thorough research, and consult a financial advisor before making any investment decisions.