Order Book: Micro Market Structure

The order book shows pending limit orders, reflecting real-time liquidity, not past trades.

1. Sell Depth (Red)

Represents sell-side liquidity. Large sell walls may act as:

• Short-term resistance

• Liquidity targets

1. Buy Depth (Green)

Large buy walls indicate support levels. Short-term traders analyze order book depth to identify:

• Presence of “walls.”

• Likelihood of rapid pumps or dumps

1. Long/Short Sentiment Ratio

Derived from aggressive order flow data, indicating whether buyers or sellers dominate

👉 Extreme sentiment often signals potential short-term reversals.