#MEWusdt update about Bigg orders
Whale Orders & Large Trades" chart for Binance MEW/USDT Perpetual, a 15-minute timeframe.
Key details:
Current price: The latest close is 0.011221 USDT, with a high of 0.011282 and a low of 0.011048.
Volume: The chart shows a volume of 12.768M.
Red horizontal lines: These typically represent whale sell orders (or large resistance levels) above the current price. The thickness and length of the lines indicate the size or intensity of those orders. The stronger and longer the line, the larger the sell pressure at that price.
In this specific image, the red horizontal lines are concentrated between 0.012000 and 0.014145, showing significant sell resistance levels at these prices. This means whales have set substantial sell orders around those price points, which might cause resistance as the price moves upward.
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