Looking only at candlesticks can make you miss a lot of information. Over $CT 1 hours, open interest is up 9.38% and price is up 3.02%. Compare the two:
Rising open interest + rising price: new longs are entering aggressively.
If open interest keeps increasing, watch whether the funding rate also moves toward an extreme. Did you catch this move, or get shaken out?
#CT
Rising open interest + rising price: new longs are entering aggressively.
If open interest keeps increasing, watch whether the funding rate also moves toward an extreme. Did you catch this move, or get shaken out?
#CT