Things don't work that fast dude. That's a weekly chart yes?
yes
I still think TA is literal nonsense
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Faz is just chading on Jdance
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Has your stop been triggered yet 
I really don't think you understand what's coming man
This guy doesn't have stops lmao he's about to lose like 60k
Wait i don't know how margin works. Are you about to lose 282k??
Usually when you use stupid amounts of margin the broker will put a stop loss at essentially when you’ve lost all your money
That trade is “only” 20x though
True degen shit from faz
But it’s legit only like 14k being traded including the margin
yeah thats his liquidation point which is at 49.2k, which currently sits less than $1000 away from the current price.
Won’t he only lose like $700
It’s like .3 btc at 20x margin total value of the trade is like 14k including margin which means he only put in 700?
he has to cover the margin also
0.3 bitcoin @ his buy price was 13.8k on margin
he leveraged 20x so his loss if he gets liquidated at 49.2k should be 13.8k * 20
or 276,000??
No I don’t think he put up 14k and the liquidation would just be when all of his money is gone, the broker isn’t going to let someone lose 276k Lmaooo
regardless he is going to lose all of it
Yeah he’s only in it for like 700 or maybe a little more that’s why he’s only down -$166 despite being -22%