ETH just had a minor correction, causing most of the profit from Maji's recent ETH long trade to almost evaporate. Currently, the ETH price is only $42 dollars away from his position’s liquidation price. This time, he used $50 ten thousand in capital, starting to long ETH from $2,840. When ETH rose to $3,200 the day before yesterday, $50 ten thousand turned into $334 ten thousand. Surfing the wave not only amplified his profits but also pushed his position’s liquidation price up to $3,000. As a result, early this morning...
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ETH just had a minor correction, causing most of the profit from Maji's recent ETH long trade to almost evaporate. Currently, the ETH price is only $42 dollars away from his position’s liquidation price. This time, he used $50 ten thousand in capital, starting to long ETH from $2,840. When ETH rose to $3,200 the day before yesterday, $50 ten thousand turned into $334 ten thousand. Surfing the wave not only amplified his profits but also pushed his position’s liquidation price up to $3,000. As a result, early this morning...