🟥 When is hedging dangerous?
If you are close to liquidation, hedging will not save you.
Example:
Long at 0.0249
Liquidation 0.01570
Current price 0.0193
If you opened Short now:
The Long is still possible to be liquidated
And the Short will not prevent liquidation
But it may increase the pressure on you if the price suddenly rises
🟢 When is hedging useful?
If you are:
Far from liquidation
And you want to temporarily lock in the loss
Or are you waiting for a better exit opportunity
Or do you expect strong fluctuations and want to protect your capital