Bitcoin long liquidated: $150K exit at $117,790 — Proceed with caution
I was liquidated on a $150K Bitcoin long, closed at $117,790. The loss highlights how quickly leveraged positions can be wiped out in this market.
Price action around this level shows elevated volatility and likely weak support below current levels, so I wonât be chasing longs immediately.
Iâm shifting to a wait-and-watch approach: monitor key support/resistance and volume before considering re-entry with tighter risk controls.
Analysis
The forced exit at $117,790 signals crowded long exposure and thin support near that region; volatility and stop-hunts are likely drivers, making immediate trend confirmation unreliable.
Recommendation
Avoid chasing longs now; watch for consolidation, clear support holds, and improving volume before scaling back in with strict stops and reduced size.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.