How to read a liquidity heatmap (DeepDom guide)

A liquidity heatmap shows, over time, the size of resting orders at each price level. Hot zones = lots of liquidity, cold zones = emptiness. It's the tool we use via DeepDom.

What you're really seeing

Price is pulled toward liquidity. On a heatmap, you spot:

• Liquidity walls: large blocks of orders that slow price down.
• Icebergs: hidden orders that refill as they're consumed.
• Spoofing: decoys that disappear as soon as price approaches.
• Stop runs: liquidity lighting up below a level, then emptying at once.

Real wall or bluff?

The key question: does the wall hold or pull as price approaches? A wall that refills (iceberg) is a strong sign of accumulation. A wall that evaporates is probably a spoof.

The heatmap doesn't predict. It shows you where the big players placed their intent — it's up to you to read what follows.

The classic beginner mistake

Trading the heatmap alone, without context. Always combine it with the footprint and delta and key levels. Liquidity tells you where, Order Flow tells you how price reacts there.

Want to see commented reads live? That's exactly what we do in the community.