Is it possible to buy the dip and go long when there is a large amount of liquidation? ! 🤔
Yesterday, $CRV fell sharply, and a large number of the founder's CRV positions were liquidated. We found that at the moment of the decline, smart whales had entered the market to go long. If you only refer to market news and are affected by panic, you may miss a good trading opportunity or even lose money. money!
Let’s take a look at what the data was like at that time👇🏻
Judging from three data respectively...
1️⃣ HC chip concentration: The long concentration increased sharply at 10 a.m. on 06/13, suggesting that more long orders are concentrated in the hands of a few accounts, indicating potential signs of large investors going long and retail investors going short.
2️⃣ WH whale alert: The appearance of a super giant green column during the same time period represents a large increase in OI, which can be evidence of a long move by large investors. The increase in Whale OI has continued until this morning and began to reduce holdings.
3️⃣ TI long and short power: During the same time period, an unusually large number of market price buy orders also appeared, almost buying in the low range, and a large number of buy orders were once again confirmed! Profit taking has been taking place until this morning.
💡From the above information, it can be judged that at that time, it would be better to follow the big investors and choose to go long than to go short! $CRV This liquidation crisis is also a good example for traders to use data for event trading! ✅
Data source:blave.org
