The wallet balance has been completely emptied and the account has been fully liquidated. The sale trade for the $LSK currency was fully liquidated and automatically closed by the Binance platform due to the bullish price rebound and the price breaking above the critical danger line at levels with decimal points of three point one four three and one hundred and twenty-one. Using a very high leverage of up to twenty times caused the wallet’s margin of safety to become extremely small, where a simple upward move of no more than three and a half percent consumed the entire margin allocated to the position and resulted in the complete loss of the invested capital in the trade. Trading with high leverage on highly volatile alternative coins involves exceptional risks that can lead to sudden loss of funds. The only way to protect the account in upcoming trades is strict compliance with activating a stop-loss order immediately upon entering the market to set the maximum loss in advance, instead of leaving the wallet to forced automatic liquidation.
