๐ What Is an Order Book in Crypto Trading?
๐ Ever wondered how crypto prices are determined?
๐ It all happens in the order book.
๐ Order Book = Live Ledger
๐ It shows all buy (bids) and sell (asks) orders placed by traders in real-time.
๐ Buy Orders (Bids):
๐ค Traders willing to buy a coin at a certain price.
๐ Sell Orders (Asks):
๐ Traders offering to sell at their desired price.
โก Where Trades Happen:
๐ When a bid matches an ask โ a trade is executed.
๐ Why It Matters:
๐ช Watching the order book helps you spot support/resistance and detect large "whale" trades.
๐ Best Way to Enter a Position:
๐ Place your buy order just above a strong buy wall to increase your chance of getting filled before a breakout, with minimal slippage.
๐ If sell walls dominate โ downward pressure
๐ If buy walls dominate โ upward momentum
๐ช Mastering the order book gives you an edge in short-term trading.
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