A trade of mine just lost nearly $200,000 on a memecoin — $BULLA 💔
He opened a 10x long position with over 1 million BULLA at an average entry of $0.21448.
Now? It's trading around $0.0089.
The damage:
📉 PNL: -$206,375
📉 ROI: -21,094%
📉 Position is nearly liquidated (Liq. Price: $0.0096)
This is exactly why I always say — if you're dealing with shitcoins, shorting is the smarter play.
And if you must long, at least set a stop loss.
Don't let FOMO and hype drain your account. Stay sharp, manage your risk. 🧠