Looking only at candlestick charts can mean missing half the picture. $MET 1-hour open interest is up 8.05%, while price is up 4.08%. Viewed together:
Rising open interest and rising price: new longs are entering.
As open interest continues to rise, watch whether the funding rate is also moving toward extremes. What leverage level do you think is appropriate? Share your thoughts in the comments.
#MET
The above is for informational purposes only and does not constitute investment advice.
Rising open interest and rising price: new longs are entering.
As open interest continues to rise, watch whether the funding rate is also moving toward extremes. What leverage level do you think is appropriate? Share your thoughts in the comments.
#MET
The above is for informational purposes only and does not constitute investment advice.