Your approach to handling positions can make or break you. ⚖️
Don't overleverage—stick to 5x or lower if you must use it. 🔒 During bullish markets, many traders aim for quick gains with high leverage. 📈 But beware, a small dip can liquidate a 10x long position. 📉 It's common for coins to dip 10% and bounce back quickly, as we're seeing now. 💥 Most coins have already recovered from yesterday's dip, with some surpassing previous highs like $FET and $RNDR.
To avoid these sudden drops:
- Limit leverage to 5x or less.
- Practice discipline and set stop-loss orders when trading futures. 🛑
- Don't let your position get liquidated—protect your account balance and mental well-being. 💰🧠