@joule
Large buy orders at key support levels can act as price floors, signaling strong demand and preventing the price from falling below certain points. Similarly, large sell orders near resistance levels create price ceilings, making it harder for the price to rise. When these large orders are absorbed or removed, it can indicate a potential breakout or breakdown. If buy orders are being filled, prices may move higher, while if sell orders get filled, prices could fall. Traders monitor the order book to identify key levels where price movements might accelerate, giving them a competitive advantage.
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