Order Book & Market Depth
Understanding market depth and order book data for better trading decisions
Documentation
Understanding the Order Book
The order book displays all pending buy and sell orders for USDT/THB, showing real-time market depth and liquidity. Understanding how to read and interpret this data is crucial for effective trading and market timing.
Real-Time Data
Live updates of all buy and sell orders with instant price changes.
Market Depth
Visualize liquidity levels and potential support/resistance zones.
Market Sentiment
Gauge market sentiment through buy/sell order imbalances.
Order Book Components
Bid Side (Buy Orders)
The left side shows all pending buy orders, typically displayed in green.
Bid Information
- • Bid price (what buyers are willing to pay)
- • Order size (amount of USDT)
- • Cumulative size
- • Number of orders at each level
Market Implications
- • Higher bids indicate buying pressure
- • Large bid walls can act as support
- • Bid depth shows demand strength
- • Best bid is the highest buy price
Ask Side (Sell Orders)
The right side shows all pending sell orders, typically displayed in red.
Ask Information
- • Ask price (what sellers want to receive)
- • Order size (amount of USDT)
- • Cumulative size
- • Number of orders at each level
Market Implications
- • Lower asks indicate selling pressure
- • Large ask walls can act as resistance
- • Ask depth shows supply strength
- • Best ask is the lowest sell price
Spread and Market Price
The difference between the best bid and best ask prices.
Key Metrics:
- • Spread: Best Ask - Best Bid
- • Mid Price: (Best Bid + Best Ask) ÷ 2
- • Last Price: Most recent trade execution
- • Mark Price: Fair value for margin calculations
Reading Market Depth
Liquidity Analysis
High Liquidity Signs
- • Tight bid-ask spreads
- • Large order sizes at multiple levels
- • Consistent depth on both sides
- • Quick order replenishment
Low Liquidity Signs
- • Wide bid-ask spreads
- • Small order sizes
- • Gaps between price levels
- • Slow order book updates
Support and Resistance Levels
Support Identification
- • Large bid walls below current price
- • Accumulation of buy orders
- • Historical price levels with volume
- • Round number psychological levels
Resistance Identification
- • Large ask walls above current price
- • Accumulation of sell orders
- • Previous high price levels
- • Technical indicator levels
Trading Strategies Using Order Book
Order Flow Trading
Use order book dynamics to predict short-term price movements.
Bullish Signals
- • Large bids appearing below price
- • Ask walls being consumed quickly
- • Bid-ask ratio favoring buyers
- • Aggressive buying through asks
Bearish Signals
- • Large asks appearing above price
- • Bid walls being consumed quickly
- • Bid-ask ratio favoring sellers
- • Aggressive selling through bids
Optimal Entry and Exit Points
Entry Strategies
- • Place limit orders at support levels
- • Use market orders when breaking resistance
- • Scale in near large bid/ask walls
- • Wait for order book imbalances
Exit Strategies
- • Take profits before large walls
- • Exit when order flow reverses
- • Use stop-losses below support
- • Scale out at resistance levels
💡 Order Book Analysis Tips
- • Watch for sudden changes in order book structure
- • Pay attention to the size and frequency of orders
- • Look for patterns in order placement and cancellation
- • Consider the time of day and market conditions
- • Use order book data alongside technical analysis
- • Practice reading order books in different market conditions
⚠️ Order Book Limitations
- • Large orders can be hidden or split across multiple levels
- • Fake walls may be placed and quickly removed
- • High-frequency trading can create misleading patterns
- • Order book only shows current intentions, not future actions
- • Market orders can quickly change the entire structure