Break-even
Price level where a position yields neither gain nor loss.
Beginner-friendly explanation
Break-even is the point where you recover exactly what you invested — no loss, no profit. It's like saying: “I’m exiting at zero.”
Example: You buy a crypto at €100, it goes up to €120, then back down to €100. If you sell there, you’re at break-even.
Intermediate-level insight
Break-even is the net breakeven price of a position, factoring in trading fees (entry, exit, spread). It helps assess whether a position remains profitable, especially in low-margin strategies.
Example: You buy an asset at €50 with €1 in fees. To break even, you need to sell at €51, not €50.
Advanced perspective
The break-even level is a critical pivot in risk and performance management. It can be dynamically adjusted by including multiple entries (DCA), or by factoring in a trailing stop or position adjustment (scale-in / scale-out).
Example: You enter at €100, then add at €90 — your average becomes €95. With €1.5 in fees, your break-even is €96.5.
Technical Analysis & Charting
break-even, average price, fees, neutrality, DCA, scale-in, position sizing, zero-profit exit