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RIVER has been extremely volatile lately. My liquidation price is stuck at 18.04. I was aiming for a more stable position, but I was still worried about being whipped out by a sudden spike, so I forcibly cut other losing positions to add to my main position. Unexpectedly, it rebounded right after, and my 4x leverage long was most painful when I lost around 10.5, almost wiped out.
Honestly, the biggest feeling when playing with high leverage is — account fluctuations are too crazy. Want to be conservative? Small positions are boring, and returns are too low. Want to chase gains? A single reverse move can wipe out your principal.
Here's a quick calculation for friends considering opening a position: For example, if RIVER is currently at $20, and you use $10 to open a 20x leverage position, it's equivalent to buying 10 coins. As long as the coin price fluctuates by $1 up or down, your account moves by $10. Do a simple calculation of how much you could lose so you have a clear mind.
Based on current on-chain data, robot buy orders are stacked at 262,000, sell orders are at 248,000, with a slight rebound in between. Be extra cautious at this level when trading, don’t get caught in the middle.