What does $Lobster’s positioning tell us? Open interest is down 10.92% over 24 hours while the price is up 18.05%, with roughly $22.98 million in positions on the exchange.
My take: it looks more like shorts are exiting, and the price rise may be driven mainly by short covering. Once the covering subsides, the question is whether new longs will step in.
Share your position management strategies in the comments.
Data is from public sources—please verify it for yourself.
My take: it looks more like shorts are exiting, and the price rise may be driven mainly by short covering. Once the covering subsides, the question is whether new longs will step in.
Share your position management strategies in the comments.
Data is from public sources—please verify it for yourself.