#CryptoRoundTableRemarks #CardanoDebate #🔥 75x Leverage on 1000CHEEMSUSDT | My Latest Futures Trade on Binance

Today, I entered a short position on 1000CHEEMSUSDT Perpetual Futures with a high 75x leverage. Here’s a quick breakdown of my trade and current PnL:

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📉 Trade Overview:

Position Type: Short

Leverage: 75x

Entry Price: 0.0014738

Last Price: 0.0014749

Current PnL: -5.56%

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📊 Why I Shorted 1000CHEEMS?

After analyzing the recent price action and volume on 1000CHEEMS, I noticed a possible short-term bearish pattern forming. With resistance holding strong and low momentum on the upside, I saw an opportunity to take advantage of a pullback.

I decided to go in with 75x leverage for a quick scalp. While high leverage increases risk, it also allows small movements to generate significant profit — or loss.

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⚠️ My Learning So Far:

High leverage = high risk. A slight price movement can result in quick liquidation or significant gain.

Entry timing is critical in volatile tokens like 1000CHEEMS.

Always trade with a clear stop-loss and take-profit strategy.

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🧠 Final Thoughts:

This trade is currently in the red (-5.56%), but futures trading is all about timing and strategy. Whether this ends in profit or not, it’s another valuable learning experience in my trading journey.

If you're also trading micro-cap futures on Binance, share your insights! Let’s learn from each other.

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#BinanceFutures #CryptoTrading #1000CHEEMS #ShortTrade #BinanceSquare #Leverage75x