Entry Point:
The trader entered a long position at a price of $2.001 using 20x leverage. This means for every $1 invested, they controlled $20 worth of the asset, magnifying both potential profits and risks.
Exit Point:
The trader exited the position at $2.031, locking in gains as the price rose.
Why This Trade Worked:
Market Conditions: The market was showing signs of upward momentum, possibly driven by positive news or technical indicators suggesting a short-term rise.Leverage: By using 20x leverage, the trader amplified their gains. Even a small price movement resulted in a significant profit.
