I’m trying to understand how to trade cryptocurrency using ByBit but as you can see I have no idea what I’m doing.
I had $100 dollars (0.0460 ETH) and I got liquidated in less than an hour.
Can someone please explain how did that happen so quickly based on the settings below?
My understanding was that I was going enter at the Etherium price of
$2,115 and that the trade would close at either
$2,089 whichever hit first.
How did I lose the whole $100/0.0460 ETH, I’m confused.