Criskika08
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📘 How does the Order Book work on Binance?
If you've ever seen that table full of red and green numbers on the Binance chart and felt confused... don't worry, you're not alone! 👇
$BNB
The Order Book shows all pending buy and sell orders in the market in real-time.
🔴 Sell Order (Ask):
These are the prices that sellers are asking to sell.
They are in the red part of the book.
🟢 Buy Order (Bid):
These are the prices that buyers are willing to pay.
They are in the green part.
📊 The difference between the highest buy price and the lowest sell price is called the spread.
⏱ When a buy order meets a sell order at the same price, the trade occurs and the value disappears from the book.
💡 Why does this matter?
Understanding the order book helps you read the buying and selling pressure and make more strategic decisions!
📌 Do you already use the order book to trade? Or do you prefer market orders? Comment here!
#MarketPullback $BNB
If you've ever seen that table full of red and green numbers on the Binance chart and felt confused... don't worry, you're not alone! 👇
$BNB
The Order Book shows all pending buy and sell orders in the market in real-time.
🔴 Sell Order (Ask):
These are the prices that sellers are asking to sell.
They are in the red part of the book.
🟢 Buy Order (Bid):
These are the prices that buyers are willing to pay.
They are in the green part.
📊 The difference between the highest buy price and the lowest sell price is called the spread.
⏱ When a buy order meets a sell order at the same price, the trade occurs and the value disappears from the book.
💡 Why does this matter?
Understanding the order book helps you read the buying and selling pressure and make more strategic decisions!
📌 Do you already use the order book to trade? Or do you prefer market orders? Comment here!
#MarketPullback $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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