@infiniteharmoniz
Market depth analysis shows the buy and sell orders at various price levels, providing insights into potential support and resistance levels. A large concentration of buy orders (buy walls) at a specific price can indicate strong support, suggesting the price may not drop below that point. Similarly, a large sell order (sell wall) at higher price levels creates resistance. If these walls get absorbed or removed, it can signal a breakout. Monitoring these levels allows traders to spot price movements as large orders are filled or shifted, helping identify key breakout points and making informed trading decisions.
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