Entry price: 106,681.59 USDT
Current price (most recent): 107,761.20 USDT
Result:
• Loss ratio: -20.04%
• Amount lost: -17.27 USDT
Due to the BTC price increasing more than 1,000 USDT compared to the short entry price, with 20x leverage, the loss has multiplied rapidly.
Lessons learned:
1. High leverage = High risk: Although the profit potential is large, conversely, just a small movement in the wrong direction can lead to significant losses.
2. Need to manage risk well: Set stop loss, manage capital wisely to avoid account liquidation.
3. Do not FOMO (fear of missing out): Placing orders without sufficient technical or fundamental analysis can lead you to “catch a falling knife”.