(Order Block) is an important price area in trading that represents a concentration of strong buy or sell orders from major financial institutions such as banks and hedge funds. These areas typically appear before a significant price movement, indicating the presence of buying or selling strength. The order block is used to identify potential support and resistance areas, where the price is expected to return before continuing the trend.
When the price breaks into an order block area and then returns to test it, this is considered a potential entry signal for traders. A professional trader distinguishes between a real and a fake order block based on price behavior and trading volume #BinanceTurns8 #BreakoutTradingStrategy #OneBigBeautifulBill $BTC $ETH $XRP