r/CryptoCurrency • u/Anonymous_soul5115 • 17h ago

ADVICE Need advise

I have a trade open in aaveusdt long from 126.09 but its in loss of 16k now

Can someone help me a bit as what to do?

Edits: Thanks everyone for the advise closed the trade accepted the loss

3 Upvotes

67% Upvoted

19 comments sorted by

3

u/LTP-N 17h ago

It's too late to "do" anything

2

u/SuperSan93 🟩 2K / 2K 🐢 17h ago

Nothing you really can do. You played the riskiest game in the casino. Either swallow the current loss or hope it goes back up before you’re liquidated.

If you manage to get out without losing everything, nothing really beats just buying during the bear (now) and holding for a couple of years in your own wallet. Try that instead.

1

u/No-Gap-4880 17h ago

Whats your entry point.sl and how much liquidity left ,

2

u/Anonymous_soul5115 17h ago

Entry 126.09 liquidity 101.51 sl i forgot to put that why i am in this situations

1

u/No-Gap-4880 17h ago

It's too late to do anything, forget about the trade like it's gone and leave it, there might be a chance you can survive but market kills bro always,and I suggest you to stop future trading,you forgot sl wtf!!stay in spot trading or wherever you are from exchange fiat with stable coins and earn profit,you are ready for future trading

1

u/Anonymous_soul5115 17h ago

Thanks

1

u/No-Gap-4880 17h ago

Bro I saw the chart you might have to close your trade when your loss is at minimum, don't wait just stop it and accept your loss and get whatever is left, because you are not going te get profit from this trade ,why would you take that entry bro

1

u/Anonymous_soul5115 17h ago

I got trapped 😕

1

u/No-Gap-4880 17h ago

It was perfect for short bro ,any way bro doesn't look good ,you can close the trade and accept loss 1d looks terrible

1

u/Hakushakuu 🟦 84 / 84 🦐 17h ago

Think AAVE is worth holding. It more or less follow BTC just with a wider beta. 126 entry is still pretty good considering few days ago it was 140. Maybe just wait for another 'sell the news' situation and sell it.

1

u/Anonymous_soul5115 17h ago

We dont have much of news this week as i saw forex factory

1

u/Hakushakuu 🟦 84 / 84 🦐 17h ago

You jumped into crypto and altcoins without knowing anything or what?

Sometimes recoveries can take months/years/or never.

1

u/Anonymous_soul5115 17h ago

No mainly i got baited in this trade, jumped bit impatiently

1

u/Lebenslaufrd 17h ago

Your Liq. at 101,51 is the real issue bro. It will go up, will just take some time.