Although I have stopped trading futures I would still like to share my experience. I used to like trading futures on altcoins which had low price like FTM and SRM.
I used to have 5x leverage and used to patiently wait to hit targets but eventually made losses.
I learnt a hard lesson that trading futures is not for me which is why I stopped futures.
Low marketcap coins are very dangerous, using it for future trading will be riskier, the lower the altcoin marketcap the lower the chance of getting liquidated early. No small coin will be available for future trading but I understand you very well by still comparing the coins as low marketcap coin.
Using 5x can be very risky too, I use 3x and it is still risky, my funds are not getting liquidated but I do close the market myself after losing to some extent, but liquidation is still very possible while using 2x, the best is 1x.
Lastly, it is very better to quit trading future if your are continually losing.
I think that's a typo mistake. The lower the marketcap the higher chance of getting liquidated.
Don't you think 1x leverage trading is basically spot trading itself. Why not do spot trading at first place if it isn't for a bear trend.
And yes, we need to quit or take a break if we are making continuous profits and come back later with an improvised strategy.