Greedy Hamster
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Leverage, Margin, Liquidation: What Every Trader Should Know
What is leverage?
Leverage is essentially a loan from the exchange. The number 'X' indicates how many times you are borrowing.
For example, having 1000 USDT with a leverage of 5x, you can open a position of 5000 USDT, thereby increasing your potential profit by 5 times.
But there is an important point - you also bring the liquidation price 5 times closer. The exchange will not lose its money, so it will close the position before it starts suffering losses — that is, when your margin is exhausted.
Leverage is essentially a loan from the exchange. The number 'X' indicates how many times you are borrowing.
For example, having 1000 USDT with a leverage of 5x, you can open a position of 5000 USDT, thereby increasing your potential profit by 5 times.
But there is an important point - you also bring the liquidation price 5 times closer. The exchange will not lose its money, so it will close the position before it starts suffering losses — that is, when your margin is exhausted.
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I think it's worth looking at $MAGIC , it could show good growth if the volume and open interest continue to increase.
I plan to enter with a small percentage of my deposit - I'll be watching the dynamics, I don't want to get caught up in FOMO.
+ there might also be a nice bonus in the form of -2% funding.
DYOR. Don't forget about stop-loss.🚨
I plan to enter with a small percentage of my deposit - I'll be watching the dynamics, I don't want to get caught up in FOMO.
+ there might also be a nice bonus in the form of -2% funding.
DYOR. Don't forget about stop-loss.🚨
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$TUT
The next rocket coin?🚀 Will there be further pump?💰
I'll start by saying that the coin has a huge growing volume, 50 times more than its market cap, and a growing open interest - 5x since yesterday. These two factors indicate strong interest in the coin.
Plus, yesterday the coin was listed on Binance Spot, which I believe is a good sign for further growth.
Currently, the coin is in a fairly healthy correction after the rise, I think this is a good entry point (firstly - entering not on FOMO, and secondly - with a small Stop Loss).
There are always risks, but in my opinion, $TUT has good opportunities for 2-3x, even if that's not the case, there is a high probability of testing the level 0.05-0.051.
The cryptocurrency market is unpredictable ($BTC is currently pulling down💩) so do your own research before trading - DYOR.
Not financial advice. 🤑
Don't forget about stop-loss (~0.34). 🚨
The next rocket coin?🚀 Will there be further pump?💰
I'll start by saying that the coin has a huge growing volume, 50 times more than its market cap, and a growing open interest - 5x since yesterday. These two factors indicate strong interest in the coin.
Plus, yesterday the coin was listed on Binance Spot, which I believe is a good sign for further growth.
Currently, the coin is in a fairly healthy correction after the rise, I think this is a good entry point (firstly - entering not on FOMO, and secondly - with a small Stop Loss).
There are always risks, but in my opinion, $TUT has good opportunities for 2-3x, even if that's not the case, there is a high probability of testing the level 0.05-0.051.
The cryptocurrency market is unpredictable ($BTC is currently pulling down💩) so do your own research before trading - DYOR.
Not financial advice. 🤑
Don't forget about stop-loss (~0.34). 🚨
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"If I Were Starting Over: Advice to Myself at the Beginning of the Journey"
Hello, I think many would like to go back and correct their mistakes - alas, this is not realistic. Today I want to tell a little about myself and give some advice to 'me from the past'.
What attracted me to crypto? I think, like everyone else - to quickly earn a lot of money and fly to Hawaii. At the end of 2023, all I heard from everywhere was about the lightning rocket $BTC that would take you to the moon, and a portfolio of altcoins would provide you with a comfortable life there👍. That's how I started this difficult journey of ups and, of course, downs.
What attracted me to crypto? I think, like everyone else - to quickly earn a lot of money and fly to Hawaii. At the end of 2023, all I heard from everywhere was about the lightning rocket $BTC that would take you to the moon, and a portfolio of altcoins would provide you with a comfortable life there👍. That's how I started this difficult journey of ups and, of course, downs.
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$RARE
🚀This coin has already grown by +100%. And is this just the beginning?
In the photo below, it can be seen that with a capitalization of $80M, the volume is almost $2B (6x since yesterday) + open interest of $35M.
This only indicates one thing - there is a lot of liquidity and a large part of it is SHORT positions (the negative funding rate of -2% tells us this).
Referring to all the information above - I would talk about further growth potential.
It may be worth entering with a small percentage of the deposit in long, waiting for a correction to the level of 0.084-0.08. Personally, I would not short $RARE under any circumstances, it's very dangerous.
Don't forget about stop loss.🚨
DYOR🫣
🚀This coin has already grown by +100%. And is this just the beginning?
In the photo below, it can be seen that with a capitalization of $80M, the volume is almost $2B (6x since yesterday) + open interest of $35M.
This only indicates one thing - there is a lot of liquidity and a large part of it is SHORT positions (the negative funding rate of -2% tells us this).
Referring to all the information above - I would talk about further growth potential.
It may be worth entering with a small percentage of the deposit in long, waiting for a correction to the level of 0.084-0.08. Personally, I would not short $RARE under any circumstances, it's very dangerous.
Don't forget about stop loss.🚨
DYOR🫣
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