What is an Order Book? (Simple Post for Beginners)
๐ Order Book is a live list of all buy and sell orders for a coin on Binance (or any exchange).
๐ BUY Orders (Bids) โ shown in green
๐ฅ These are people who want to buy the coin.
They are waiting for the price to come down so they can buy cheap.
๐ SELL Orders (Asks) โ shown in red
๐ฅ These are people who want to sell the coin.
They are waiting for the price to go up so they can sell at profit.
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๐ Example (PEPE/USDT):
๐ฝ Green: Buyers want to buy at 0.00000100, 0.00000098, etc.
๐ผ Red: Sellers want to sell at 0.00000105, 0.00000108, etc.
When a buyer and seller agree on a price โ ๐ฅ Trade happens!