Looking only at candlesticks can mean missing half the picture. $MET 15-minute open interest: +4.62%; price: +1.39%. Compare the two:
Open interest rising, price rising: new longs are entering.
If open interest keeps increasing, watch whether the funding rate also moves toward extremes. Feel free to discuss, and be mindful of the risks.
#MET
This is not investment advice.
Open interest rising, price rising: new longs are entering.
If open interest keeps increasing, watch whether the funding rate also moves toward extremes. Feel free to discuss, and be mindful of the risks.
#MET
This is not investment advice.