Why I Don't Assume Every Large Order Is Support
Seeing a large resting bid in the order book can make a level look attractive.
But displayed liquidity can change, and the order may be canceled before price reaches it.
Even if the bid remains, it doesn't guarantee that price will hold.
I pay attention to whether liquidity stays available, whether trades execute against it, and how price responds.
A large order is useful information, but it isn't a promise that someone will defend that price.
I want evidence from the market's actual behavior.