I outlined this $SPCX move almost 20 days ago (Oct 13th) - both on @WOLF_Terminal and within my community.
I'll be watching to see if we get some buying opportunities under $130 and making sure the crew gets positioned.
4.48% draw down on 10x is a 44.8% loss on the position.
Most people choose the position size and leverage first and then try to figure out where to place stop loss to avoid liquidation or a big loss.
The right way to do it is to find where the stop loss needs to go based on structure - and then find out how much margin and leverage you can use to only lose what your system allows you to lose.
I'm going live in the @candlecartel_x discord at around 7:15pm EDT | 4:15pm PDT before the public livestream.
Come hang out, everything is free thanks to our partners at @BTCCexchange.
discord.gg/HESJRCAeJ
Crypto majors have under 2 days to put in some BIG bounces or we might be looking at much lower prices.
Ideally want to see $BTC reclaim 81.5k, $ETH 2.6k and $SOL about $110, just to name a few.
The price of oil has tripled in the past and according to @NorthstarCharts it could happens once again, potentially leading to $300 - $350 oil... 😱
@WOLF_Terminal