Can you explain the concept of 'istilah tembok wall dalam trading crypto' in the cryptocurrency market?

1 answers

• May 12, 2022 · 3 years ago
  Certainly! 'Istilah tembok wall dalam trading crypto' is an Indonesian term that translates to 'wall term in crypto trading' in English. In the cryptocurrency market, it refers to the situation where there is a significant concentration of buy or sell orders at a specific price level. These orders create a 'wall' that can impact the market dynamics. A buy wall indicates a large number of buy orders at a particular price level, which can act as a support level for the price. Conversely, a sell wall indicates a large number of sell orders at a specific price level, which can act as a resistance level. Traders often analyze these walls to understand market sentiment and make trading decisions based on the presence or absence of such walls. It's an important concept to consider when trading crypto!
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