Need Advice: BTC/USDT Short Position – Let it Run or Close to Avoid Bigger Losses? 🚨
Hi community,
I currently have a short position on BTC/USDT with 10x leverage, as I expected the price to drop. Unfortunately, the market is moving against my position right now. The current market price is 99,009.9 USDT, and I’m currently facing a small loss of -2.11 USDT (-0.28%).
My liquidation price is 122,121.40 USDT, but I’m unsure whether to let the position run, hoping for a price drop, or close it now to avoid bigger losses.
What’s your take on the current market trend? Are there any signs that BTC might drop soon, or would you recommend closing the position to play it safe?
Any advice or analysis would be greatly appreciated. Thanks in advance for your help!