Looking at price alone can cause you to miss a lot of information. $AKE 15-minute open interest: +4.05%; price: +12.01%. Compare the two:
Rising open interest and rising price: new longs are entering.
If open interest keeps piling up, watch to see whether the funding rate is rising too. Do you usually use leverage?
This is not financial advice. Do your own research before trading.
Rising open interest and rising price: new longs are entering.
If open interest keeps piling up, watch to see whether the funding rate is rising too. Do you usually use leverage?
This is not financial advice. Do your own research before trading.