#UXLINK Short Liquidation occurred at $13.893K with the liquidation price at $1.6732.
Entry: The short position was initiated in anticipation of a price decline for $UXLINK.
Target: The target was set for a downward move, but the market moved against the position.
Stop Loss: Stop loss was triggered at $1.6732, closing the short position at a loss.
$UXLINK experienced an unexpected price increase, which resulted in liquidation when the price rose above the stop loss level.
Win/Loss Ratio: The ratio indicates a loss, as the position was closed at a higher price than the entry point.
Action Plan:
Reevaluate entry points and consider using tighter stop losses to protect against sudden price increases.
Adjust risk management strategies to minimize exposure to volatility in #UXLINK .
Monitor market conditions closely before entering short positions to avoid similar liquidation situations.
#UXLINK strategy should focus on reducing risk and ensuring stop loss orders are better aligned with market conditions.