Honestly, looking at the contract data today, there’s an interesting detail about $BLESS : open interest is up 26.43% over the past 24 hours, while the price is down 2.35%.
Adding to positions as the price falls probably means shorts are coming in. But I’ve also seen plenty of cases where, after shorts pile up too much, a single bounce wipes them out. So in situations like this, I don’t chase the short, and I’m in no rush to buy the dip either.
Drop a comment and share your thoughts—you might spark an insight.
Just sharing my thoughts; make your own decisions about what to do.
Adding to positions as the price falls probably means shorts are coming in. But I’ve also seen plenty of cases where, after shorts pile up too much, a single bounce wipes them out. So in situations like this, I don’t chase the short, and I’m in no rush to buy the dip either.
Drop a comment and share your thoughts—you might spark an insight.
Just sharing my thoughts; make your own decisions about what to do.
