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Order Book Definition

An order book is a real-time list of buy and sell orders for a particular asset, organized by price level.

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What is an Order Book?

It shows the depth of the market, including how many orders exist at various price levels above and below the current price.

Traders use order books to gauge supply and demand and potential price levels of interest.

Example of Order Book

An order book showing large buy orders clustered just below the current price may suggest strong nearby support.

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