$CYBER 1-hour futures open interest increased by 15%; the price rose 3.57% over the same period.
Guys, what exactly does open interest tell us? Here's the gist in a nutshell 👇
Every open contract has both a long and a short position, so open interest itself has no directional bias. Across the entire market, the number of long positions always equals the number of short positions.
Rising prices alongside rising open interest are often interpreted as longs actively entering the market; falling prices alongside rising open interest are often interpreted as shorts actively entering.
Multiple indicators confirming one another is more reliable than looking at just one, but even more signals can't guarantee a definitive conclusion.
#CYBER
Volatility is high, so use leverage responsibly.
Guys, what exactly does open interest tell us? Here's the gist in a nutshell 👇
Every open contract has both a long and a short position, so open interest itself has no directional bias. Across the entire market, the number of long positions always equals the number of short positions.
Rising prices alongside rising open interest are often interpreted as longs actively entering the market; falling prices alongside rising open interest are often interpreted as shorts actively entering.
Multiple indicators confirming one another is more reliable than looking at just one, but even more signals can't guarantee a definitive conclusion.
#CYBER
Volatility is high, so use leverage responsibly.