🐳 $Lobster: Open interest down, price up; 24-hour open interest: -10.92%, current price: 0.048.
What I care more about is: who’s buying on the way up? Rising prices alongside falling open interest often mean the main buying is from shorts closing their positions—and once they’re done buying, that demand is gone. A sustained rally needs new long positions to keep taking over.
Next, watch whether large orders are buying or selling.
Personal notes. Make your own trading decisions.
What I care more about is: who’s buying on the way up? Rising prices alongside falling open interest often mean the main buying is from shorts closing their positions—and once they’re done buying, that demand is gone. A sustained rally needs new long positions to keep taking over.
Next, watch whether large orders are buying or selling.
Personal notes. Make your own trading decisions.