Looking only at candlesticks can make you miss a lot of information. $AIN 15-minute open interest: +6.44%; price: -0.05%. Viewed together:
Open interest rising, price unchanged: both longs and shorts are adding to their positions.
As open interest continues to rise, watch whether the funding rate is also moving toward an extreme. Did you profit from this move, or get shaken out?
These are only my personal views. Please make your own trading decisions.
Open interest rising, price unchanged: both longs and shorts are adding to their positions.
As open interest continues to rise, watch whether the funding rate is also moving toward an extreme. Did you profit from this move, or get shaken out?
These are only my personal views. Please make your own trading decisions.