SOL Long at 20x Leverage – Should I Hold or Exit? 🚀📉
I've just opened a long position on $SOL with 20x leverage, and the market is giving some mixed signals. Here are the trade details:
Entry Price: $84.36
Current Mark Price: $83.98
Unrealized PNL: -9.04% (ROI)
Liquidation Price: $77.42
Take Profit (TP): $84.50
My Analysis:
Looking at the $BTC order book, I see strong buying support (around 85% bids), but the 5-minute chart shows a slight rejection near $73k. If Bitcoin holds the $72,500 level, I expect Solana to bounce back and hit my TP soon. However, 20x leverage leaves very little room for error.