Does anyone else here use kingfisher to hunt liquidation zones? You should - seriously.
Image below, vertical lines are liquidation clusters... price action loves to take these out... I look for imbalances on various coins and place orders where the cluster ends.
Example here, placing longs around $60,200 or shorts around $63,000. Obviously there are more longs to liq here, so usually these would be taken out first, or perhaps quickly wick up to 63k before dropping to take them out.
Paid members also get access to a unique trading bot of sorts which places the orders for you - automation is usually something I stay well clear of but after using this for a year and seeing how often price action conforms to this strategy... one of the best for sure.
Large clusters also often create a snowball/cascade effect which can be taken advantage of.
