๐๐ETH + 100 USD + futures = The roller coaster that makes you sweat and party! ๐ฅ
ETH is at $4,230, and with $100 and 5x leverage, you play with $500 as if you were a millionaire (but not yet).
That gives you 0.118 ETH, or almost a quarter of a digital dragon to ride.
If it goes up 10%, boom! You've got almost $50 in profit, so you can buy some tacos and celebrate. ๐ฎ
But if it goes down 10%, you'll get liquidated faster than the current viral meme, and you'll be left with no money, no tacos, and no party. ๐ญ๐
That's why you set a stop loss, that friend who saves you from a financial hangover, at around $4,100 so you can sell without breaking your heart (or your wallet). Moral: Here you either break it or get screwed, but with a stop loss at least you don't end up crying on social media.