ETH Contract, 125x, 3 days +553%" — This profit screenshot is still being circulated wildly in my group. But no one knows that three people went bankrupt that week and privately messaged me to curse.
Why dare to open 125x?
Breakthrough key level: ETH broke through 2520 after a week of sideways movement, which is the strongest resistance level in 2023.
Exchange loophole: After large liquidation orders on Binance are completely consumed, there will definitely be a reverse spike (I set a stop-loss in advance).
Time window: 24 hours before the Federal Reserve meeting, there will definitely be significant volatility.
Life-saving actions after making a windfall
Withdraw principal (the 2000U used to open the position has been withdrawn)
Keep 1000U of profit rolling (reduce to 50x)
Set trailing stop profit (automatically close if the price retraces 3%)
The death trap of 125x
Slippage assassination (shows 500% profit, but actual execution may only be 200%)
Midnight spike (especially at 3 AM UTC, the big players love to make moves at this time)
Mental breakdown (shaking hands wanting to close when making 300%, holding on when losing)
This wave of Ethereum has really gone crazy, and the team is still making profits.
The next trading strategy will be set up in the evening; those who want to profit should recognize Old Mo!!!