Hold or close?🙂
The decision to hold or close your $pippin position depends on several factors.
Consider your Entry point and current market conditions.
If your Entry was close to the current price and the market sentiment is negative, closing might be a consideration. However, if you have a long-term outlook and believe in the project's fundamentals, holding could be viable.
Will I get liquidated?
Liquidation risk is primarily tied to leverage. If you are trading with leverage and the price moves against your position beyond a certain threshold, liquidation can occur.
Check your margin levels and the potential for adverse price movements. Maintaining adequate margin can help mitigate this risk.
Ensure your Stop Loss (SL) is set appropriately to protect your capital.
If you're not using leverage, liquidation is generally not a concern for spot holdings.
Always manage your risk.
