Bitcoin Long Liquidated at $117.4K — Reassess Risk and Wait
I had a BTC long of $72.7K liquidated at $117,401.20. The position was closed by the market, highlighting how quickly leveraged trades can be wiped out in volatile conditions.
I’ll tighten risk controls, cut leverage, and avoid chasing immediate re-entries until the price structure shows clear support and confirmation.
Analysis
Recommendation
Wait for consolidation or a confirmed support breakout before adding exposure; reduce position size and use tighter stops if trading now.
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.