Took a long position on BTCUSDT with 75x leverage. Entry was at $84,840.60, but the market dipped and the mark price fell to $84,403.17. With a liquidation price dangerously close at $84,005.93, the position quickly moved against me. Currently sitting at an unrealized loss of $10.19 with a -39.17% ROI.
Lesson: High leverage magnifies both gains and losses. Risk management and precise entries are crucial. TP/SL was set at $85,014.50 / $84,030.00, but the volatility didn’t play in my favor this time.
