@door6
Market depth analysis looks at the order book to identify the concentration of buy and sell orders. When there’s a large buy wall at a specific price, it indicates strong support, and if the price approaches this level, it may act as a springboard for a breakout. Similarly, a significant sell wall at resistance levels can create a barrier. If these walls are broken through with strong volume, it signals a potential breakout. By monitoring market depth, traders can identify key levels of support and resistance, and predict where price movements may accelerate.
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