$1000SATS Long Liquidation Breakdown:
Current Price: $0.00013
Position Liquidation: $6.9188K
Key Levels:
Entry Price: $0.00013
Buy Zone: $0.00012 - $0.00013
Target Price: $0.00014 - $0.00016
Stop Loss: $0.00011
What is happening here?
A liquidation price of $6.9188K at 1000 SATS means that if the market reaches a liquidation point (a drop in value), a position worth $6.9188K could be forced to close automatically. For this trade, you are looking at buying the asset around $0.00013 with a potential to profit if the price rises.
Strategy and Plan:
1. Buy Zone:
Your buy entry should be around $0.00012 to $0.00013. These are ideal points where the market shows support, and itās a good opportunity to get in without risking much.
2. Target Prices:
First Target: $0.00014
Second Target: $0.00016
These targets are based on historical resistance levels where prices have struggled to go higher. Reaching either of these points means it's time to take profits.
3. Stop Loss:
Set your stop loss at $0.00011. This is your safety net. If the price drops below this level, it means the trade is no longer in your favor, and you'll cut your losses.
4. Trade Size & Risk Management:
Only risk a small percentage of your total portfolio (preferably 1-2% per trade).
Make sure you adjust your position size accordingly so that if the market hits your stop loss, your losses are minimal.
Whatās Next?
Monitor the Market:
Keep an eye on price movements near the Buy Zone. If the price dips slightly into the range of $0.00012, itās time to enter the position.
Watch for Reversal Signals:
If the price starts to push above $0.00014, youāre in profit territory. However, always keep an eye out for signs that the market might reverse, especially near $0.00016.
Set Alerts:
Use price alerts to notify you when the price is nearing your targets or stop loss so you can act swiftly.
Final Thoughts
This trade relies on proper risk management and following through with your plan. Set your Buy Zone, Target, and Stop Loss ahead of time and stick to your strategy.
#1000sats