Indicator notes | $ICNT | 15-minute position +4.25% | Price +4.13%
First, the definition: position value = number of coins held × price. When the price rises, the position value increases too. Comparing the number of coins held is what shows whether a new position has actually been opened.
How to read it: rising prices with declining positions are often seen as being driven by short covering, while falling prices with declining positions are often seen as longs closing out. These are rules of thumb, not definitive conclusions.
Understanding an indicator helps you avoid being misled by a single number; it is not a way to predict price movements precisely.
First, the definition: position value = number of coins held × price. When the price rises, the position value increases too. Comparing the number of coins held is what shows whether a new position has actually been opened.
How to read it: rising prices with declining positions are often seen as being driven by short covering, while falling prices with declining positions are often seen as longs closing out. These are rules of thumb, not definitive conclusions.
Understanding an indicator helps you avoid being misled by a single number; it is not a way to predict price movements precisely.