Derivative traders gather here let have a quik talk about the current bitcoin price drop, we saw that bitcoin price just touched $111000 before gradually recovering to 112000 to $113,000 per BTC.
So which leverage amount will you use for me i want to take a long position with $20 and a leverage of 20x, what about you?
I just did 10x with $300, not much but i'm planning to hold it till ATH, it's definitely risky so I put my SL somewhere.
I'm bullish about the fact that there's wide CME gap waiting to be filled and eventually BTC will reach $118k again but it's just my speculation. Honestly I haven't analyzed that much with this trade.
Just doing some long just in case.
10x on $300 is a big deal and you must have your liquidation price very close if you don't have account mentanance balance to keep you in the market, although it's good that you set your SL somewhere close as you said and sure that we likely see Bitcoin recovering back to $118k again and if that happens you be in alot of profits, this new week is filled with uncertainty since Bitcoin still mentained it $112k resistance level and we don't know what direction the market will take from here.