⚠️Information in the Binance app for beginners facilitates currency analysis and is great to know..💖
Q/ Have you ever wondered what the order chart on the currency trading page does??☣🤔
A/ The order chart is a button located on the currency trading page next to the time frame selection for the candles, and it shows the amount of liquidity of the traders.. and the points of buying and selling moment by moment.. This is useful for the trader to know the activity and changes of the currency..
Q/ What do the red and green mountains that appear mean??🌋⛰
A/ The red mountains indicate sell limits and their location is clear.. and the green ones are obviously the buyers.
Q/ Does the currency movement depend on the chart layout?⚠️⬇️⬆️
A/ In fact, the chart changes every moment with the changes of the currency traders, so it cannot be relied upon to predict a 100% rise or fall of the currency.. But if you notice strong movement and activity for the currency, it might be on the brink of some currencies exploding upwards or downwards.. It is reasonable for the chart to rise in defining something if one of the whales enters and sets a price level, it will show on the chart.. and vice versa.
It may determine the price and how to buy or sell at a higher or lower price than the market price, forcing it to reach it quickly..
Greetings to everyone.. Likes and follows for those who wish..💖