$TRX
Asset: $TRX (Tron)
Liquidated Amount: $78,400
Liquidation Price: $0.275 per $TRX
Explanation:
Liquidated Long: This occurs when the price of TRX falls below a threshold (liquidation price) in a leveraged long position.
The trader’s margin is insufficient to maintain the position, leading to automatic closure by the exchange to prevent further losses.
Price Level: $0.275 indicates the price at which the liquidation was triggered.
This type of event is typically observed in high-leverage trading and reflects the volatility of crypto markets.
It also highlights the risks associated with trading on margin without adequate risk management.
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