$BNB #BNB #BNB坚持持有 #presentTrading
BNB massive leverage has been liquidated at prices of 304.3 and 325.
Launchpool keeps coming #Launchpool
Steady Bullish Rise
The Liquidation Heatmap visualizes price levels in the cryptocurrency market at which large leveraged positions exist. If the price reaches a certain level, these positions may be liquidated. 👋
The data is timestamped and the range represents a 7-day period.
The colors on the heat map represent the density of liquidation orders,
Darker colors generally indicate fewer orders
Brighter colors indicate more orders👀
Bright yellow bars on the chart indicate a large concentration of liquidation orders at a specific price level
--------------------------------------------------------------------------
How traders use it:
Liquidation heat maps allow traders to identify areas of high liquidity, which can help in different ways:
Magnetic Zone: A high concentration of potential liquidation levels within a specific price range may indicate that price is likely to move toward that area. Some traders use these liquidation levels to gauge the way prices are more likely to go as well as other indicators that can be used as confluence.
Support/Resistance Zones: In areas of high liquidation, larger trader "whales" can execute trades quickly and at favorable prices. Once they enter or exit an order with this liquidity, the price can now reverse.
Additionally, liquidation levels can cause significant pressure on the buyers or sellers of the order book, causing a natural price reversal.
