Mexc Exchange Closed My Long Position Prematurely - Missing Out on Potential Profits

Mexc Exchange Closed My Long Position Prematurely - Missing Out on Potential Profits
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Bünyamin
April 08, 2024 8:05 pm
270

I decided to take a risk and opened a long position on Mexc exchange for a specific coin. I used 200X leverage and invested $500, hoping to make a target profit of $10,000. I had placed my take profit level at $1.40 and entered the trade at $0.9994. Surprisingly, when the price began to increase, my trade was unexpectedly closed at $1.028 levels. Afterward, the price went up by 150%. I didn't make that order, but the exchange closed the trade as if I did. Instead of potentially earning a substantial amount, I only made a modest profit.

April 09, 2024 12:23 am (4 hours after complaint)

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