# Trade #1

**Published by:** [pupudestroyer](https://paragraph.com/@pupudestroyer/)
**Published on:** 2022-07-15
**URL:** https://paragraph.com/@pupudestroyer/trade-1

## Content

Entering into a short position at this level for $BTC. Volumes are low here so would thread lightly, if there is a surge in volume to the upside would cut my positions with a loss. Else, would be looking to take profits at around $20,350. Balance: $20,000 Position: 0.1 BTC worth with 10x leverage Trade Size: $2,100 Margin Required: $210 Updates: Took another larger position at $21,000. Currently in small profits.Reason: $21,000 is at a supply block and current PA shows possible slowdown at that level. Will take note that currently $BTC is still forming HHs and HLs, so will tread carefully, if volume remains low, will leave the trade with a small loss. Final Result: Closed full positions at an average of $20,650. Profits of 30% in less than 24 hours.

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