The wallet balance has been permanently emptied and the account has been fully settled. The $LSK sale order has been fully liquidated and automatically closed by the Binance platform due to the upward price rebound and the price crossing the critical danger line at levels 0.043 and 121. The use of a very high leverage of up to twenty times caused the wallet’s margin of safety to be extremely small. As a result, a simple upward move of no more than 3.5% 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 carries 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, rather than leaving the wallet to be forcibly liquidated automatically.
