Order book +2%
Analyzes the order book depth on the sell side up to +2%, representing the sell orders that cap upward price movement.
Addition of pending amounts in sell orders, at a depth of +2% relative to the current price, on all centralized and decentralized exchange platforms.
This total amount quantifies what is preventing the price from rising by 2%.
If this total is particularly high, in technical analysis this may be a sign that the current price is close to resistance.
If the “Order Book +2%” total is higher than the “Order Book -2%” total, then the price will have more difficulty rising than falling, because there are more sellers than buyers.
Source: coingecko.com
This metric is part of the Liquidity category