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What is ETH3L? How can we use this safely?

  • Default imagelzw
  • August 24, 2021
  • Uncategorized

Answer

Triple leverged tokens

if ETH price goes up 1 %, ETH3L goes up 3%
if ETH goes down 1%, ETH3L goes down 3%

You gotta manage your risk

For instance, 19 May crash, if you had held on to ETH3L, you would have lost drastically

so it depends

if you use Eth3L, must have stop loss

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    • Futures Grid
      • Futures Grid bot FAQ
      • Pionex Futures Grid Bot – Long
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      • Pionex Inverse Futures Grid
      • Pionex Cross Margin Futures Grids Bot
    • Futures Trading Concepts
      • Funding Fee
      • Mark Price
      • Index Price
      • Notional Value
      • Initial Margin
      • Maintenance Margin
      • Liquidation
      • What are Makers and Takers?
      • Beginner’s Guide to TP/SL (Take Profit and Stop Loss)
      • How to Choose “Last Price” or “Mark Price” for TP/SL?
  • Earn
    • Arbitrage Bot
      • Whats Crypto Arbitrage Trading Bot?
      • Pionex Arbitrage Bot(Moderate mode)
    • Dual Investment
      • Dual Investment – User Guide
      • Pionex’s Buy-the-Dip: Buy Crypto at Target Price While Earning Passive Income
      • Covered Gain: Earning Passive Yield and Sell More at Your Target Price
    • Lending
    • Staking
      • Pionex Staking Service Reminders
      • Everything about Pionex ETH staking
    • Structured Loan
    • User Manual for Easy Earn
  • More
    • Pionex Terms of Service
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    • Pionex Affiliate Program v3
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