Quick reminder ๐๏ธ
To all the traders out there , be very careful on the space ๐ ๐ many things will occur t the moment. and remember you're always responsible for you loses or gains. ๐ฏ๐ฏ Do not use a leverage more than 10x if you really want to use leverage
During the bull Market many traders try to make quick money by using high leverage.
A coin can liquidate 10x long by just a 10% dip. during a bullish move it's very normal that a coin dip 10%-15% in a matter of minutes to liquidate high leverage longs and you will notice price bounce back up again.
To avoid yourself from these sharp drops do not use leverage more than 5x.