I am new to crypto trading and I am trying to understand how to use OKEx's order book depth chart for analyzing market trends. Can anyone help me understand this concept?
I understand that order book depth is a measure of buy and sell orders that have been placed on a particular exchange. I also know that it is used to gauge market sentiment and to gauge the liquidity of a certain asset. However, I am still not sure how to use this information to analyze market trends.
I would really appreciate it if someone could explain to me how to use the order book depth chart in OKEx for market analysis. Are there any specific tools or techniques that I need to be aware of? Any help or advice would be greatly appreciated.
I understand that order book depth is a measure of buy and sell orders that have been placed on a particular exchange. I also know that it is used to gauge market sentiment and to gauge the liquidity of a certain asset. However, I am still not sure how to use this information to analyze market trends.
I would really appreciate it if someone could explain to me how to use the order book depth chart in OKEx for market analysis. Are there any specific tools or techniques that I need to be aware of? Any help or advice would be greatly appreciated.