Post
GODSON001
A 10x leveraged long position losing 10% means it's completely wiped out.
The long position in $SOXL was stopped out this week, losing 810,000 U in seven days.
Total assets were cut down to 480,000 U.
How leverage is calculated:
10x means if the price moves 10% against you, your principal is zero.
It's not that it becomes dangerous at a certain price level; there is no margin for error from the start.
Others think that when the support breaks, it's time to buy the dip:
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$69,372.5-0.03%
ETH/USDTEthereum
$1,953.32-0.03%
SOL/USDTSolana
$80.59-0.01%
Today’s market buzz
1#NvidiaCEOStepsDown
Hot
2#FedHawkishChorus
3#AnthropicIPOOrderDemand
