I entered two Short (Sell) positions on the pairs BTCUSDT and SOLUSDT with the aim of benefiting from price declines:
1. BTCUSDT Position:
Type of Position: Short
Leverage: 10x
Entry Price: 101,870.6 USDT
Current Price: 102,327.7 USDT
Current Loss: -1.78 USDT (-4.48%)
Capital Used: 40 USDT
Liquidation Price: 111,569.1 USDT
The position is currently losing because the price has risen above the entry price.
2. SOLUSDT Position:
Type of Position: Short
Leverage: 20x
Entry Price: 171.1709 USDT
Current Price: 171.8534 USDT
Current Loss: -0.80 USDT (-7.97%)
Capital Used: 10 USDT
Liquidation Price: 178.8354 USDT
The loss is due to a slight rise in price above the entry price.
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The goal of both positions is to achieve profits if the market reverses and prices drop, while adhering to risk management and monitoring liquidation levels.