ETH Liquidation Wave Hits! How Can Those Trapped at 4760 Save Themselves?

Brothers, this ETH market is really taking a toll! At the current price of 4628, how many people are stuck at the high of 4760, their pants are about to be lost! 220,000 people liquidated in 24 hours, 7.5 billion vanished into thin air, this is not trading, it’s simply a large slaughterhouse!

For those trapped, listen up:

​If you're lightly leveraged, don’t rush to cut your losses! You can:

Set a stop-loss at 4620, if it breaks, run immediately, buy once for every 50 dollar drop, keep your cost below 4700, remember! Don’t use more than 30% of your principal for averaging down.

​If you're heavily leveraged, be even more careful:

4600 is the line of life and death, if it breaks, you must cut your position. Don’t fantasize about a V-shaped reversal, preserving your principal is the only chance to recover. If your leverage exceeds 5 times, quickly reduce it, don’t wait until liquidation to cry.

Advice from experienced traders:

Don’t blindly catch the falling knife now! Wait until the daily price stabilizes above 4700 before taking action. Those with leverage over 3 times are gamblers, and will be harvested sooner or later. Remember: surviving gives you a chance, holding on stubbornly will only lead to a worse demise.

Current liquidation data: 3.64 million dollars in 1 hour, 1.059 billion dollars in 24 hours, in this market, being slow means you might end up without even your pants. #美国7月PPI年率高于预期