Start with the wager
Choose the wager before browsing large multipliers. Moon.com states that an individual loss is limited to the wager, but this can still mean losing 100% of the committed amount. The wager should fit inside a predefined session budget.
Then choose leverage
Leverage multiplies notional exposure. A $10 wager at 20x corresponds to approximately $200 of price sensitivity before product costs and adjustments. The wager remains $10, while favorable and adverse movement has a larger effect.
Wager × leverage = illustrative position size. It is an orientation formula, not an exact payout quote.
Read the Bust Price
Bust Price is the displayed reference level at which the open outcome is settled as lost. Higher leverage typically moves it closer to entry. Always use the live figure shown before confirmation; a simplified inverse-leverage estimate cannot reproduce every fee and execution input.
Compare one variable at a time
Keep the wager fixed and compare 5x, 25x and 100x. Then keep leverage fixed and change the wager. This reveals whether exposure or bankroll concentration caused the biggest change.
Costs and execution
Gross price movement is not the same as net settlement. Review opening fees, performance-related charges, possible holding costs, spreads and execution conditions in the current interface. Product terms can change.
Keep the live interface authoritative
Product conditions can change. Read Moon.com’s current terms, displayed fees and wager summary before every confirmation.