MultiversX Tracker is Live!

Defending low leveraged long positions - best strategy?

All Cryptocurrencies

by COINS NEWS 106 Views

Suppose I have USD$17K, I take out a 4x leveraged long position at current price so that my open position is 2BTC entry at ~$34K. My trading platform suggests that the estimated liquidation price is around $24K to $25K.

Suppose I also have an additional USD$8K to defend the position if it moves against me.

What is the best strategy to defend the position and get the liquidation price as low as possible?

Should I

A) buy more if the price goes down to my liquidation price

or,

B) add the extra $8K as additional margin to lower the liquidation price

or,

C) use a combination of A and B .

submitted by /u/GiverTakerMaker
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments