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Machi reportedly closed a long position at a profit PUMP and then opened a 5260000 USD position with 10 x leverage.
Machi closes PUMP the long position at a profit 827000 USD, then immediately opens a 5260000 USD 10 x leveraged long
PANews September 30 reported, citing Lookonchain monitoring, that Machi (Jeff Huang)9 hours ago closed PUMP long positions, making a profit of 827000 USD. Immediately afterward, he opened a new 900000000 units PUMP(worth 5260000 USD) long position with 10 x leverage.
Source: https://www.panewslab.com/zh/articles/01a0efc7-d18e-7129-95b3-101e438d4631
PANews reported that, according to monitoring by Lookonchain, Mach Ji (Huang Licheng) 9 hours ago closed his PUMP long position.
The position closure generated a profit of 827000 USD。
, after which he opened a new position for 900000000 units of PUMP, worth 5260000 USD, with a new 10 x leveraged long position.
The following is analysis, separate from reported facts. Verify important claims independently.
A long position indicates a bet that the price will rise; 10 Leverage expressed as a multiple indicates that the position used leverage. The original text states that the position size was 5260000 USD。
This indicates that the trader in the report re-established a PUMP long position after closing the profitable position.
Beginners can use this to understand trading terms such as “closing a position for profit,” “long position,” and “leverage.”
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