Learn · Order Flow
Iceberg order
A large order split up: only a small part is visible and refills on each fill. The real size stays hidden.
An iceberg order only shows a fraction of its size; as soon as it's consumed, it automatically refills. The result: a level that 'refuses' to break despite repeated fills.
Example
At the bid, 50 visible lots absorb 2,000 lots without moving → buy-side iceberg.
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