Understanding Order Books: How to Read Buy/Sell Walls on Xoibit

Understanding Order Books: How to Read Buy/Sell Walls on Xoibit

📘 Introduction

If you want to trade like a pro on Xoibit, you need to know how to read the order book. It’s more than just numbers — it reveals real-time market behavior, including buyer and seller intent.

In this blog, we’ll help you understand what the order book is, how to spot buy/sell walls, and how to use this information to make smarter trading decisions.

📊 What is an Order Book?

An order book is a live list of buy and sell orders placed by traders for a specific trading pair.

On Xoibit, the order book shows:

• Buy orders (bids) on one side
• Sell orders (asks) on the other side

Each entry shows:

• The price
• The amount of crypto
• The total value

🧱 What Are Buy and Sell Walls?

🟩 Buy Wall

A large cluster of buy orders at a specific price. Indicates strong demand and potential support level.

🟥 Sell Wall

A large cluster of sell orders at a certain price. Suggests resistance — it may be hard for the price to go higher.

These walls create visual "barriers" in the order book and impact short-term price movement.

🔍 How to Read an Order Book on Xoibit

1. Depth Chart View
2. Shows buy and sell walls as curves or vertical lines.
3. Steep rises = large walls.
4. Price & Volume Columns
5. Check where the most significant volume is placed. That’s where major action may happen.
6. Recent Trades Panel
7. See what trades have been executed — are more buyers or sellers active?

🧠 How to Use Order Book Info in Your Strategy

• Scalping: Watch for walls breaking to ride short-term moves.
• Trend Confirmation: Large buy walls appearing may signal bullish intent.
• Fakeouts: Some whales create "spoof" walls to manipulate perception — be cautious.

🛠️ Xoibit Pro Tips

• Use the “Market Depth” tab to analyze walls clearly.
• Look for imbalance (more buy volume than sell, or vice versa) to anticipate movement.
• Combine with indicators (like RSI) for stronger signals.

💬 Example

Let’s say you’re trading MATIC/USDT:

• Buy orders cluster at $0.75 (big buy wall)
• Sell wall appears at $0.80

This tells you:

• Strong support at $0.75 — possible bounce if price drops
• Hard to break above $0.80 without serious volume

✅ Conclusion

Reading the order book can give you a huge edge in crypto trading. Whether you're a beginner or an experienced trader, using order book insights on Xoibit can help you time your entries and exits more effectively.

Don’t just trade the price. Read the market with Xoibit.