Avoid the Crypto Trap!
In the fast-paced world of crypto, it’s crucial to separate fact from fiction. Here’s a step-by-step guide to help you verify narratives and make informed decisions.
Step 1: Check Crypto Trends on Twitter/X
Monitor Conversations: See what the crypto community is buzzing about. For instance, if people are talking about a market crash and massive sell-offs, take note.
Step 2: Verify with the Liquidation Map
Turn to the liquidation map to see where most liquidations are happening relative to the current price. Are liquidations positioned more on the downside or the upside?
Against the Narrative: If liquidations are contrary to the prevailing narrative, trust the liquidation map over the chatter.
In Favor of the Narrative: If liquidations support the narrative, it’s likely a genuine trend.
Step 3: Stay Updated with Dollar News
Weekly News Check: Use Crypto Craft to review the week’s important news. Remember, whales often anticipate news events, so don’t be swayed by short-term tactics that may not have a lasting impact.
By following these steps, you can cut through the noise and make decisions based on solid data rather than hype.