#RAYSOL Short Liquidation Details
Liquidation Amount: $3,575.20
Liquidation Price: $6.84895
Type of Position: Short (betting on price decrease)
Reason: The price of RAYSOL rose, reaching the liquidation threshold and closing the position automatically.
Trading Analysis
1. Entry Point: Estimated to be below $6.84895 (assumed around $6.50 to $6.70, based on typical shorting strategies).
2. Stop Loss: Should have been set slightly above $6.85 to mitigate risk.
3. Target: Likely below $6.50, aiming for a significant downward movement.
Key Insight
This short liquidation reflects bullish pressure, suggesting upward momentum. Future traders should:
Set a tighter stop loss to avoid liquidation.
Monitor the $6.85 resistance level, as a breakout could push the price higher.
Adjust risk management strategies in volatile markets.