🚨 Liquidation Heatmap Analysis for B2/USDT (Binance) – July 12th 🚨
Just analyzed the latest 24h liquidation heatmap for B2/USDT, and here are some key insights for fellow traders:
The heatmap reveals significant liquidation clusters around the 0.38 and 0.41-0.42 price zones. The price recently bounced from the 0.37 support area and is now consolidating near 0.38, which is a critical resistance level packed with short liquidations.
Key levels to watch:
- 0.38: If price breaks above this level with strong momentum, we could see a rapid move towards 0.41-0.42 due to a potential short squeeze.
- 0.369 – 0.359: If the price gets rejected at 0.38, expect a retest of these lower zones, where there’s liquidity for long liquidations.
Trading tip: these heatmap zones often act as magnets for price action, leading to sharp moves as liquidations get triggered. Manage your risk carefully and watch for volume spikes around these levels.
Let’s see how the market reacts! 🚀!
