10x leverage betting on a $58 safety cushion, with both take-profit and stop-loss orders placed, a risk control textbook for veteran traders.

CoinWorld message: SKHX is currently priced at $1389, down 3.38% intraday, with a 24-hour trading volume of approximately $788 million and open interest of about $339 million. Whale address 0x1cb has opened a long position of 1,805 contracts with 10x leverage, at an average price of $1410, with a market value of approximately $2.51 million. The current floating loss is about $37.2k, and the liquidation price is $1331.11, which is only about $58 away from liquidation, a distance of about 4.2%. This address has already placed a take-profit order at $1430 and a stop-loss order at $1332. The stop-loss is only $1 away from liquidation, meaning it will exit voluntarily before forced liquidation.