Looking only at candlestick charts can make you miss a lot of information. $STRK 15-minute open interest: +2.65%; price: +1.83%. Compare the two:
Open interest up, price up: new longs are entering.
If open interest keeps rising, watch to see whether the funding rate climbs at the same time. What leverage level is safe? Share your thoughts in the comments.
Do your own research before trading.
Open interest up, price up: new longs are entering.
If open interest keeps rising, watch to see whether the funding rate climbs at the same time. What leverage level is safe? Share your thoughts in the comments.
Do your own research before trading.