Q: $Lobster’s 24-hour open interest is down 17.89%, while its price is up 7.62%. What does that mean?
A: This rally seems to be driven more by short covering; for now, there’s no clear sign of new long positions entering. Short covering eventually runs its course, so whether the rally can continue depends on whether fresh buying comes in.
For documentation and sharing only, not investment advice.
A: This rally seems to be driven more by short covering; for now, there’s no clear sign of new long positions entering. Short covering eventually runs its course, so whether the rally can continue depends on whether fresh buying comes in.
For documentation and sharing only, not investment advice.