@below3
Market depth analysis shows the order book’s buy and sell orders, revealing key support and resistance levels. Large buy orders near a support level suggest strong demand, while large sell orders near resistance indicate price ceilings. If the price breaks through these levels with strong volume, it signals a potential breakout. By observing how the order book evolves, traders can spot imbalances and predict price movements, helping them identify breakout points before a significant price change occurs.
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