Looking only at candlestick charts can make you miss a lot of information. $MET 1-hour open interest: +6.13%; price: -0.65%. Taken together:
Rising open interest, falling price: new shorts are entering aggressively.
If open interest keeps piling up, watch whether funding rates are also moving toward extremes. Would you dare to trade in these market conditions?
#MET
DYOR, and trade rationally.
Rising open interest, falling price: new shorts are entering aggressively.
If open interest keeps piling up, watch whether funding rates are also moving toward extremes. Would you dare to trade in these market conditions?
#MET
DYOR, and trade rationally.