Opened BTC UP position at 62500 price with 10x leverage

Hi everyone,

Opened BTC UP position at 62500 price with 10x leverage on Fybit trading platform.
First target at 64400, Second target at 67000, Stop loss at 60600.

Position was opened on 1-hour timeframe. Short-term trade position.

After failing to break 65k resistance BTC price declined up to 60500 level and from there started to rise again. There is local resistance at 62600 which I think BTC will break and rise at least up to 64k.

This time I want to give more freedom for this position and chose 10x leverage.

Please, do not forget to boost this idea & share it with your friends; thanks.

Trade closed: stop reached

Comment:

Unfortunately, this trade was closed by stop loss after surprising price fall.
That's why I always use stop loss to avoid more losses in situations like this.