$ZEC open positions rising, price falling: 24-hour open interest +13.79%, price -10.54%, open interest value $611 million.
It looks more like new short positions pushing the price lower; it could also be that longs keep adding as the market drops. Be careful—watch for continued pressure from the shorts, and also guard against a rebound if shorts get crowded. Is it an opportunity or a trap?
Decide for yourself when to enter or exit—don’t follow the crowd.
It looks more like new short positions pushing the price lower; it could also be that longs keep adding as the market drops. Be careful—watch for continued pressure from the shorts, and also guard against a rebound if shorts get crowded. Is it an opportunity or a trap?
Decide for yourself when to enter or exit—don’t follow the crowd.