Tips to improve trading strategies for you beginner traders or those still confused about how to better understand market movements, especially regarding whales or institutions that we need to be wary of. Here's how to use HyperDash to see Whale Movements (Whale Tracking) HyperDash allows users to track the activities of large traders (whales) on HyperLiquid with real-time analytics.
Here are the steps:
1. Access HyperDash
Visit hyperdash.info and log in to the dashboard.
2. Use the "Leaderboard" or "Whale Tracking" Feature
Leaderboard: See traders with high profitability and large volume.
Whale Tracking: Monitor large transactions that could affect the market.
3. Analyze Whale Data
Check open interest: See if whales are opening many positions.
Watch for large liquidations: Know when big positions are liquidated.
Monitor fund movements: Watching large transfers to exchanges can be a sign of potential dumps or pumps.
4. Use for Trading Strategy
Follow the whales' direction: If many whales are opening long positions, there might be a bullish trend.
Avoid traps: If there are many stop-hunts or mass liquidations, beware of price manipulation.
With HyperDash, you can follow the movements of big money and make smarter trading decisions.
