1. Major Reason for Loss in SHELLUSDT
You are using 5x leverage, which amplifies both profits and losses.
Your entry price (0.4298430 USDT) and the current mark price (0.3327000 USDT) have a significant gap, resulting in a -270.83 USDT loss.
2. Risk of Liquidation
Your liquidation price is 0.2504139 USDT, meaning if the price drops to this level, your position will be automatically closed, and you will lose your margin.
Currently, your margin ratio is 11.73%, which is getting closer to a risky level if the price falls further.
3. What Can You Do?
Adjust Margin: If you have extra funds, adding margin can help prevent liquidation.
Close Position: If you believe the price will drop further, closing now can limit your losses.
Set Stop-Loss (TP/SL): This will automatically close your position at a predefined price to avoid further loss.
4. Watching PENGUUSDT
This pair is currently -2.88% down, meaning there might be a shorting opportunity, or if you plan to go long, you can wait for a better entry point.
5. Lessons for the Future
Use lower leverage: Higher leverage increases risk, especially in volatile markets.
Always set a stop-loss: This helps limit losses if the market moves against you.
Take partial profits: If the price moves in your favor, consider closing parts of your position gradually instead of waiting for a full liquidation.
Final Advice
If you're new to binary trading or futures, start with low leverage and smaller investments while focusing on learning. Managing risk is crucial because the market is unpredictable, and prices can fluctuate rapidly.
