You are just calm then you choose to opt in the market and without analysis or any indicators or proper technical analysis, you decide to stumble upon a signal 🚦 in Binance square that was maybe posted a few hours or minutes ago maybe #FUN is on pump you decide to open "long" in #FutureTarding or "Buy" in #SpotTrading. and in a short time you receive this call...!!
🚨USD-M Futures Liquidation Call...!!🚨
The most feared calls you will ever be notified and if you do not receive the first call of 80% then the second call is always 0 balance your worst moment.
what I mean is :
🔹Learn before entering the market.
🔹Do some technical analysis before jumping on any signal you come across.
🔹 Understand the market trend is it uptrend or low trends.
🔹Avoid emotional trades.
🔹Avoid FOMO (Fear of Missing out) there will always be a reset and the market will always change stay calm.
I might not mention all but just a few mistakes you can avoid this call.
What's a liquidation Call and when is it triggered 🤙??
A liquidation is triggered when Margin Balance = Wallet Balance + Unrealized PNL < Maintenance Margin, meaning the Mark Price (not Last Price) reaches the Liquidation Price and the Risk Ratio goes to 100%.
Liquidation Price is determined by the Entry Price, Position Size and Margin Balance and can be calculated before opening a position.
View Liquidation Protocol:
Liquidation Clear Fee is charged from you to the Insurance funds, which is a safety net that protects bankrupt traders from adverse losses and ensures that the profits of winning traders are paid out in full.
Now you understand ...You can avoid this call by:
✅Watching your margins.
✅ Use realistic leverage prefer if you are a newbie use up to 5x or don't use at all.
✅Do not open too many trades, Choose Quality over Quantity.
✅ Understand the market study charts.
✅Use SL/TP in your trades to avoid incurring more loses.
📊Beware of the current news that can trigger volatility be alert.
