Q: $Lobster’s open interest fell 10.92% over 24 hours while its price rose 18.05%. What does this mean?
A: This rally seems more driven by short covering than by new long positions entering the market. Short covering has its limits; whether the rally can continue depends on whether new capital comes in.
#Lobster
For record-keeping only, not investment advice.
A: This rally seems more driven by short covering than by new long positions entering the market. Short covering has its limits; whether the rally can continue depends on whether new capital comes in.
#Lobster
For record-keeping only, not investment advice.