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Feel like this binance grid liquidation is wrong or is it?

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Cryptocoins Exchanges / Binance 169 Views

Feel like this binance grid liquidation is wrong or is it?

I opened a LONG leveraged (20X) grid trade position on PeopleUSDT about a day ago on Binance.

The position was doing ok, over night it seemed to really go bullish and today it was 'volatile' the value of People went up to 0.07+.

Here is screenshot of the position:

https://preview.redd.it/26sz4867mne81.png?796&format=png&auto=webp&s=6ea5bfe3c2d883c7059f484832366a8b2da0b051

So according to my understanding.. At no point after opening the position did the value drop below the Stop Loss or Range I set. No Take Profit was set. (Ive just opened a new PeopleUSDT grid position and noticed the Liquidation Price is shown under Running grids and is below the Stop Loss.)

So I was in profit on this...and would still be if the position had not been liquidated.

I also received this push notification:

https://preview.redd.it/1ze6tjz8mne81.png?1080&format=png&auto=webp&s=5e627549549ab24d8af4237a846dbebe5678a05b

So here is what i dont understand.... This sort of push notification normally you get if say a Long position value had dropped to a level where the money you invested would not cover the trade....as in near the margin. But on my grid trade the the price was no where near the lower margin....

I opened the grid at 0.05250, the value never reached anywhere near that on liquidation.

The value of People from time of opening and time of liquidation, was always between the range i set and way above the stop loss.

So is this normal?

submitted by /u/rizbituk
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