MKR Long Liquidated — $51.7K Position Closed at ~$1,941
I had a long on MKR that was liquidated. My average entry was $1,940.98 and the position size was about $51,669.
The liquidation shows the trade was overleveraged or market moved sharply against the long. This reduces available capital and increases my short-term risk exposure.
I will not chase the recovery; I’ll wait for clear support and lower leverage before re-entering and will reassess position sizing and stops for future trades.
Analysis
Recommendation
Do not chase MKR rallies after this liquidation. Wait for consolidation or a verified support level and use smaller position sizes and tighter risk controls if redeploying capital.
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.