Long Liquidation: A trader holds a long position, betting on the price of Polkadot $DOT to rise. However, the price has moved against the position, and it is now at risk of being liquidated.
Amount at Risk: The position value is $3,649.5, which is the value of the trade involved in the potential liquidation.
Liquidation Price: The liquidation price is $6.193. If the price of $DOT drops to or below this level, the position will be forcibly closed, and the trader will likely incur a loss, depending on their leverage and margin.
If you're managing this position, you should be aware that as $DOT approaches this liquidation price, the risk of being forced to sell your position increases. You may want to consider adjusting your strategy, like adding more margin, reducing leverage, or exiting the trade early to avoid liquidation.
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