16
Dec
Many retail traders assume Level 2 is necessary, yet you can infer meaningful depth from price action, spreads, and volume; by watching trade prints and spread dynamics, you can estimate where liquidity clusters and likely support/resistance lie. Pay attention to widening spreads and sudden volume spikes since they signal hidden liquidity and potential slippage; combine chart context and size-at-price patterns to protect your orders and improve execution without direct order book access.Understanding Liquidity Definition of Liquidity You can think of liquidity as how easily you convert a position into cash at or near the quoted price; in markets that trade…
