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Over $190 million worth of long positions have been liquidated on Solana Perps Exchanges in the past 24 hours.

This is why I always stress my PERP rules

  • Never more than 1% of you bag risked on a PERP

  • Never more than 3.3x Leverage

  • I have never been liquidated. TOUCH WOOD!

MyPERP update - I am $5 away from Breakeven and my Perp Position is still underwater down 9%. SOL at $244.75

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Comments

SCT

that is jot normal do not do it

TSS

How do you guys link phantom wallet to Jupiter? It was asking me to enter my 12 word pass phrase which I'm uncomfortable doing?

Ryan

200 million longs at 236 - I hope they get liquidated - they are so stupid - they are literally making it so easy for the market makers to keep the price of Solana down

Pvo

The levels of manipulation on SOL are staggering but this will soon end ALTs start popping slowly and they won’t want to get rekt

Pultti

Our perp is beginning to deliver! Only 0,8% under water. 👍

Larry D

Sorry guys i bailed on that perp, i was too exposed slight loss. But iil take it.. slight loss. But being down 75% of my bag at one point was not worth if.. on to the next to make it back

Cachi

Entered a perp on Drift Protocol… A lot more complicated than on JUP and they charged $7 for the privilege to trade with them. It’s a one-time recoverable fee when you close the account. A lot more bells and whistles but is dizzying. Niceties include limit orders, collateral earns interest, sub accounts, can trade SOL, BTC, ETH, JTO, PYTH, and more Exited with a small gain. Not sure if I’d trade there again. Requires VPN for US based traders.

My Chemical Finance

Still holding onto that perp today but it stings , man does it sting

redoak

Agree i'm racking up about $32.00/day in borrower fees, ouch. Thought about taking the loss and getting out. IDK

Wicksley Snipes!

At quick glance, I’m Liking the SOL 30m/1Hr chart. Divs in the oscillators. Light signs of reversal. We’ll see. Been off the charts for the weekend—Time to get my face back into the charts. Gonna be an interesting week, whatever happens. Always is, from a data analysis POV. Trend, momentum, macro. Sprinkle in mean reversion. GTG.

Cachi

If the 78.6% Fib level @ 226.65 fails to hold, I see four likely levels next for SOL AVWAP @ 222 Previous weekly highs from 3/18/24 @ 210 Completion of H&S pattern @ 205 Psychological round number @ 200