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Quick Trading Tip- Sell Walls by balake

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· @balake · (edited)
Quick Trading Tip- Sell Walls
Something very important to look at when trading are the buy and sell walls. Before placing a limit or market order, it's important to look at how the action is being placed on the specific crypto from a macro level.

![Screen Shot 2018-01-29 at 1.05.46 PM.png](https://steemitimages.com/DQmSWiY77Pa7w4rDmqyAB1kuCJL1QdVFU6nvuZaStdfh5xe/Screen%20Shot%202018-01-29%20at%201.05.46%20PM.png)

Look to the right side of the image. Advanced section of binance shows 8 decimal places on the order list. A quick and easy tip is to filter down to 5 decimals. This groups the sell and buy orders into a more macro view of how the asset is trading.

As you can see, XVG/ETH has a favorable buy position and that shows us that this asset may increase in the short term. 

Switching over the to 'depth' section of the graph view, you can see a qualitative view below:

![Screen Shot 2018-01-29 at 1.09.25 PM.png](https://steemitimages.com/DQmarBm9D2cKAETEQx5oWuVrq2HuvgJjmKjQdC3dSUvVQqF/Screen%20Shot%202018-01-29%20at%201.09.25%20PM.png)

Notice the very large green buy wall versus the smaller red sell wall. To me, this reads bullish and I anticipate this crypto to rise considering all factors are equal.

Legal Disclaimer: This is only my opinion, make of it what you wish. This means that it's not advice or a recommendation to either buy or sell anything! It's only meant for use for entertainment purposes. Do your own research!

![Upvote Gif.gif](https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/Upvote%20Gif.gif)
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vote details (4)
@altlash ·
I still have a lot to learn, but thank you for sharing what you have learned!  I'm planning on reading a lot of your posts :)
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@balake ·
Thanks for the nice comment. I'm here to help as much as possible. Look forward to interacting more!
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@xavierq98 ·
Trading is tough and it's always hard to know when to buy and when to sell. Therefore, it is necessary to supplement knowledge. For beginners, I highly recommend this post: https://gamerseo.com/blog/what-is-a-sell-wall-and-how-it-reveals-the-trading-market/
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