Detailed Explanation
Why It Matters:
Reveals supply/demand, potential support/resistance, and slippage risk. Professional traders use it to time entries and avoid bad fills.
How It Works:
Bids (green, buyers) and asks (red, sellers) are sorted by price. Large walls indicate strong levels; thin books mean high volatility.
Common Mistakes:
Ignoring depth and placing large market orders (moves price against you); not checking during low-volume hours.
FAQs
How to view it?
Most CEX have a visual chart + depth panel on the trading interface.
Does it predict pumps?
It shows intent but can be spoofed by fake orders.
