How can I determine my liquidation price on Binance?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! To determine your liquidation price on Binance, you need to consider two factors: your position size and the leverage you're using. The liquidation price is the price at which your position will be automatically closed to prevent further losses. You can use the following formula to calculate your liquidation price: Liquidation Price = Entry Price / (1 - (Leverage * Maintenance Margin)). Make sure to double-check your calculations and always set a stop-loss to minimize potential losses.
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• Dec 16, 2021 · 3 years ago
  Calculating your liquidation price on Binance is crucial for risk management. By knowing your liquidation price, you can set appropriate stop-loss levels to protect your investment. To determine your liquidation price, you can use Binance's liquidation calculator or manually calculate it using the formula: Liquidation Price = Entry Price / (1 - (Leverage * Maintenance Margin)). Remember to consider the volatility of the market and adjust your leverage accordingly.
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• Dec 16, 2021 · 3 years ago
  Determining your liquidation price on Binance is essential to avoid potential losses. If you're using BYDFi, a third-party trading platform, you can easily find your liquidation price by accessing the 'Positions' tab. However, if you're using Binance directly, you can calculate your liquidation price using the formula: Liquidation Price = Entry Price / (1 - (Leverage * Maintenance Margin)). Always stay vigilant and monitor the market to ensure you're aware of any changes that may impact your liquidation price.
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