2024-08-05 21:18:42

#XRP5S

#XRP
Please let me know if you have any detailed information.

XRP was around 60 yen and XRP5S was around 0.13 dollars.

Bought about 3,000 dollars at 0.11 dollars, and then it took a nosedive along with XRP's high update, entered a limit order, and bought about 1,000 dollars in total at around 0.04 dollars and around 0.01 dollars.

As the fall of XRP began, XRP5S rose significantly, but it has fallen back slightly after exceeding $0.02.

I think the original investment of $4000 has been easily recovered, but I don't understand why the fall is significant and the rise is minimal.

This is not at a level where profits can be made.
It's because the significant price movement is more on the loss side than on the profit side.

Please let me know if you need more details.

XRP5S12,51%

XRP-2,64%

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Nasah21

· 2024-08-07 22:43

I bought 0.0041, let's see

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GoUp

· 2024-08-05 21:20

Dear user, ETF products hedge through the Perptual Futures market. Profits will open positions, and losses will reduce positions. The leverage ratio is adjusted daily based on profits and losses to return to the target leverage multiple. There is significant erosion in the case of frequent fluctuations in market prices. Due to the adjustment mechanism and holding costs, leveraged ETFs are not suitable for long-term holdings. ETF products have large fluctuations and high risks, so please participate with caution.

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