risky
Short on SUI Re-enters After Stop Loss Hit with Leverage 40
The trader has experienced a stop-loss order being hit and has re-entered the position. They are short on SUI with leverage of 40 and have allocated 10% of their bank to this trade. The current price of SUI is 4.158, with target prices set at 4.1264 and 4.0536. The stop-loss is not yet placed; the trader is considering averaging down at 4.2813. The trading is being conducted on BingX.D4
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AI Analysis
The trading strategy involves a short position on SUI with substantial leverage (40x), indicating a high-risk approach. The trader initially experienced a stop loss but chose to re-enter the trade, wh...
AI Recommendation
Given the high leverage and the re-entry after hitting a stop-loss, it is vital to implement strict risk management measures. Setting a well-defined stop-loss at a level that limits potential losses i...
Disclaimer
The AI 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.
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