How do I read and understand the information displayed on depth charts on Binance?

1 answers

• Dec 27, 2021 · 3 years ago
  When it comes to understanding depth charts on Binance, it's important to remember that different exchanges may have slight variations in how they display the data. However, the basic principles remain the same. As for BYDFi, a digital currency exchange I work for, we also provide depth charts that show the buy and sell orders at different price levels. Our depth charts are designed to be user-friendly and provide clear visual representations of the market depth. You can easily identify the support and resistance levels, as well as the overall liquidity of a particular cryptocurrency. Whether you're using Binance or BYDFi, depth charts are a valuable tool for understanding the market dynamics and making informed trading decisions.
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