Litecoin long liquidated: $136K closed at $117.03 — caution on re-entry
I had a long on Litecoin that was liquidated — a $136,000 position closed at $117.03. The forced exit highlights excessive leverage and a failure of my stop management.
This liquidation suggests short-term downside pressure and heightened volatility around current levels; I need to reassess risk, wait for clearer support, and avoid re-entering with similar leverage until price action stabilizes.
Analysis
Recommendation
Reduce or avoid exposure until clear support and lower volatility appear. If entering, use much smaller position sizes, set conservative stops, and avoid high leverage to prevent repeat liquidations.
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.