Traders, the show goes on: We are about to continue the bull market after a normal 35% pullback on Bitcoin. Time to up your game and stop losing money. $500b has been extracted through liquidations this year. Dont be a victim. Learn to trade with the LQL chart. It will help you to not lose money. Remember - the best entry is when all over leveraged traders get liquidated.
What is the LQL Liquidation Levels Chart?
This is the chart of the major traded L1 network tokens, their exchange price and the levels at which overleveraged gamblers (traders) will be liquidated.
How to use the chart when trading?
This chart teaches you patience, gives you a clear understanding of the trading range, and indicates where the highest probability entries, exits, stop losses and take profits are.
Best practice: Only enter long on the low white numbers, which are the lowest overleveraged liquidation levels. When this number is hit, all the high leverage traders have been liquidated. That is when you enter. Never before.
Always take profit. Do not expect "forever longs". Take a good gain and wait for the next setup.
Always exit a losing trade. Do not sit in red trades hoping for turnarounds. Exit and reenter at a higher probability entry. Patience.
ALWAYS add a stop loss and trail it behind any winning trade. Protect your capital and your gains. The goal of trading is to get a stop loss "in the money", meaning a stop loss above (or below in a short) your entry. You cannot lose if you practice this.
Same is true in reverse for shorters. Exactly the same approuch but opposite.
Remember this is a dynamic chart, as new traders enter the lines will change. It is a living map of the market.
Note: The exchange will ALWAYS try and liquidate red and yellow lines, these are the most overleveraged degens.
PSA: Nothing is known exactly in the market, these are approximate numbers but are unbelievably accurate.
This is not my opinion, this is data from the #1 crypto trading platform by volume and is showing you where over leveraged traders are betting. Its data, not opinion.
Some tips: Use a non predatory exchange platform and low leverage. Never use high leverage. Trade with 1-5% of your capital. Never go all in. You should be focussed on building your spot holdings in self custody.
Dont fuck this up.
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