How can I effectively read the depth chart on Coinbase?

1 answers

• Montoya McClureOct 08, 2024 · a year ago
  When it comes to reading the depth chart on Coinbase, there are a few key things to keep in mind. First, pay attention to the price levels where there is a significant concentration of buy or sell orders. These are known as support and resistance levels and can indicate areas where the price is likely to bounce or reverse. Second, look for any sudden changes in the depth chart, such as a large influx of buy or sell orders. This could be a sign of market manipulation or a significant shift in market sentiment. Finally, remember that the depth chart is just one piece of the puzzle. It's important to consider other factors, such as news events and technical analysis, when making trading decisions. Happy trading!
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