This chart represents the order book (Order Book) or Market Depth for the pair $BNB / USDT on Binance. Its analysis allows assessing the current balance between buyers and sellers and making assumptions about potential price movements.
What is visible on the chart?
1. Green lines (Bid) – these are buyers who place orders to buy at certain prices. The steeper the slope, the more people want to buy the coin.
2. Red lines (Ask) – these are sellers who want to sell the coin at the specified prices. The steeper the slope, the more coins they want to sell.
3. The difference between Bid and Ask (Spread) – the smaller the difference between the best buying and selling price, the more liquid the market.
What can be inferred from this chart?
🔹 Power ratio: The red zone significantly exceeds the green (94.65% vs. 5.35%). This means that there are currently significantly more sellers than buyers, which may lead to further price declines.
🔹 Support level: We see that at the level of 545-550 USDT there is a cluster of buy orders – possibly, the price will find support here.
🔹 Resistance level: If the price goes up, the first zone of strong selling will be at the level of 555-560 USDT, where a cluster of sell orders is located.
What should the trader do?
✅ If you want to buy – you can place an order slightly below the support level (for example, 545-546 USDT) or wait for confirmation of the rebound.
✅ If you want to sell – the first good selling level will be around 555-560 USDT, if the price pulls up to that level.
To get a deeper analysis, it is worth adding indicators such as RSI, MACD, or EMA to the regular chart to check if they align with this analysis.
