I got liquidation today. I took short when i found a altcoin pump 40%. It was supposed to ne stable and also dumped a little from its position. And it was seen small pump and dump within range. But suddenly i found it hit thr liquidation today after 2days. I didn't set Stop loss cause that was bouns fund from bybit exchange. The interesting thing is i already made good amount from that fund. But yeah, taking leverage even high leverage is risky.. people shouldn't be so greedy, should trade in the limit..
You should avoid altcoins with futires. I did the same with Notcoin some days ago and it didn't end well. I long at 0.23 and it's trading below that and I just had to close the trade with the losses.
These are what I learn. Don't do futures with a coin that has a total trading than it's market cap, that means that the top is in.
Don't do a future with a coin that is too volatile, it will be in your favour when it's goes with your trade but the opposite is very brutal and you wouldn't like the outcome. Don't do futures with volatile markets.