This trader's operation is nothing short of textbook.
When ASTER was at $1.4, he decisively opened a 3x leverage long position. His timing was quite precise, and then ASTER surged to over $1.7. Now his unrealized profit has exceeded $1 million, with a liquidation price at $1.2249, providing a substantial safety cushion.
3x leverage is neither too high nor too low, just right.
Too high risks liquidation, too low wastes opportunities. He chose to enter at the support level of $1.4, indicating he had done his homework. ASTER has CZ's endorsement and support from the Binance ecosystem, with solid fundamentals. Technically, $1.4 is also a key support level, offering an excellent risk-reward ratio.
The core of this operation is not gambling, but rational judgment based on in-depth research. Identify the direction, reasonably use leverage to amplify advantages, and manage risks well. This is what a professional trader should be like, rather than mindlessly using high leverage to chase uptrends and downtrends.