I will tell my comments about the coinglass liquidation heatmap that everyone loves.
In my opinion, it is not right to take transactions according to this data, I have made this mistake before. Now I will explain why it is ridiculous. The liquidation levels are definitely correct, but there is a small nuance, only the data of small investors is shown. There is no data of the coinbase exchange where whales buy 😂😂. In other words, while whales can open transactions according to us, we cannot open transactions according to them. In fact, we see that it increases when we expect a decrease and open shorts, and decreases when we expect a rise and open longs.
We need to be at the exact opposite of whatever data the majority looks at and takes a position.
Be in the minority, not in the majority. 💪💪💪💪💪
