$DYDX Liquidated Short: $89.3K at $1.628
A $89.3K short position in $DYDX was liquidated at $1.628 after a sudden surge in price.
What was expected to be a profitable downturn quickly reversed
causing significant losses for traders caught on the wrong side.
Entry Point:
The short position was entered at $1.628, betting on a decline following bearish market signals.
Target:
Traders aimed for a drop toward $1.50, anticipating a retest of lower support levels.
Stop Loss:
The stop loss was placed at $1.65, but the market rally triggered the liquidation before a correction could materialize.
Volatility in crypto markets is unforgiving—adapt quickly to changing conditions to manage risk!