Trade 250824 Update - Futures chart confusion
I had set my StopLoss at $65,050, but it got triggered at $65,017.43, leaving me confused.
After some research, I found a simpler explanation that applies to my situation.
Since I trade using 2x Futures, the market I’m actually trading on is not BTC/USDT but BTC PERP/USDT.
The chart I’ve been using for technical analysis (TA) is BTC/USDT, which introduces a slight difference in price precision compared to the real market.
This discrepancy can sometimes work in my favor, but other times, like now, it can trigger my StopLoss prematurely due to minor price volatility.
The solution? Switching the chart I use from BTC/USDT to one that better matches the real trading environment.
The Chart BTC/USDT I use:
The Chart I will from now on use:
Moving forward, I’ll be using a BTC PERP/USDT chart, as it closely mirrors the prices I encounter in my trades.