What is the “Wall”
In trading we hear these terms/sayings all the time such as “level 2”, “mound”, “valley”, “eaten up”, the list goes on and on.
But what do they really mean and how can we find a solid explanation for these terms?
No need to worry, here at the Cryptospace we break down these sayings in the simplest way.
With that being said let’s get started…
So what is the “Wall”?
The “Wall” is simply a mass amount of quantity at a set price. Thus, creating a vertical position “|” instead of a horizontal one. You can see this vertical position the “|” at about 1.75 in the image above.
Now let’s take a look at the bids in the order book. Multiple buyers or just a single buyer wants to buy the Dash coin at 1.75 . So when it consolidates around ONE price, then it becomes a long vertical order that forms a wall.
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