Someone used 2x leverage to go long on LIT, adding positions from a price of 3.5 down to 2. This strategy seems to be aiming to wait for the TGE unlock or significant project developments before exiting. Buying at low levels and gradually exiting at high levels can work in the early stages of a bull market. However, leverage trading carries risks that must be understood; sudden changes can easily lead to liquidation. The period around the TGE is usually a cash-out window for project teams and early token holders. Those looking to follow the trend should do their homework in advance.
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GasBandit
· 12h ago
Leverage is really a double-edged sword. Dropping from 3.5 to 2 and still daring to add positions—this guy's really bold. The period around TGE is indeed a meat grinder; be careful.
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screenshot_gains
· 12h ago
Haha, this is the gambler's mentality. Going from 3.5 all the way down to 2... You must have incredible mental resilience.
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SpeakWithHatOn
· 12h ago
Oh no, this is the legendary "adding to position until bankruptcy" story... Doubling leverage from 3.5 to 2, you must have incredible mental resilience.
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SadMoneyMeow
· 12h ago
This guy really dares to play, chasing from 3.5 to 2 with 2x leverage, betting on that TGE wave. But with this pace, one misstep could lead to a reverse lesson...
Someone used 2x leverage to go long on LIT, adding positions from a price of 3.5 down to 2. This strategy seems to be aiming to wait for the TGE unlock or significant project developments before exiting. Buying at low levels and gradually exiting at high levels can work in the early stages of a bull market. However, leverage trading carries risks that must be understood; sudden changes can easily lead to liquidation. The period around the TGE is usually a cash-out window for project teams and early token holders. Those looking to follow the trend should do their homework in advance.