Looking at price alone can mean missing half the picture. Over 15 minutes, open interest is up +2.52% and price is up +3.31% ($NMR )—viewed together:
Rising open interest and rising price: new longs are entering.
As open interest continues to increase, watch whether the funding rate is also moving toward an extreme. Did you catch this move, or get shaken out?
#NMR
Be aware of the risks. Make your own decisions. This is not investment advice.
Rising open interest and rising price: new longs are entering.
As open interest continues to increase, watch whether the funding rate is also moving toward an extreme. Did you catch this move, or get shaken out?
#NMR
Be aware of the risks. Make your own decisions. This is not investment advice.