🔍 Understanding Order Book Depth: A Key to Smarter Trading! 📊
The depth chart you see here represents market liquidity on Binance. The green side (bids) shows buy orders, while the red side (asks) represents sell orders. The deeper the walls, the stronger the market support or resistance!
🔥 Why is this important?
✔ Liquidity Insight – A balanced depth chart indicates a healthy market.
✔ Price Movements – If one side is significantly larger, it may hint at future price direction.
✔ Support & Resistance – Sharp cliffs in the chart often align with strong price levels.
🚀 Smart traders analyze depth charts to spot trends before they happen. Are you using order book depth in your strategy? Let’s discuss in the comments! 💬👇