Order block
Order Block
Order blocks refer to specific price areas where large market participants such as institutional traders have previously placed significant buy or sell orders.
Clusters of orders are present in these areas which can have an impact on price movement, liquidity, and market sentiment.
The concept of order blocks is a certain type of approach for identifying key levels of support and resistance based on the behavior of institutional traders. These key levels are then used as an entry or exit point for trades.
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