The Depth Chart is a fundamental element or module on the Phemex Trading Page.
It displays a visual representation of all the buy and sell orders on the platform. The Y-Axis measures the number of orders, while the X-Axis measures the price. On left, the area shaded in green represents the lowest prices that buyers want. On the right, the area shaded in red represents the highest prices that sellers want. The split in the middle represents the price during the latest trade.
Understanding the Depth Chart helps traders understand the overall supply and demand of a trading pair. Its graphical format offers easily recognizable cues as to the condition of the market.