$US 1-hour contract open interest increased by 5.57%, with an open interest value of about $24.58 million; the price rose 1.61% over the same period.
Let’s use this figure to talk about open interest.
Open interest and trading volume are two different metrics: trading volume shows how much trading took place over a period of time, while open interest shows how many positions are still open at a given moment.
Rising prices alongside rising open interest are often seen as a sign that longs are entering aggressively; falling prices alongside rising open interest are often seen as a sign that shorts are entering aggressively.
Before taking on leveraged positions, first work out whether you can withstand the worst-case scenario, then see what the indicators are saying.
#US
When volatility is high, manage your risk first.
Let’s use this figure to talk about open interest.
Open interest and trading volume are two different metrics: trading volume shows how much trading took place over a period of time, while open interest shows how many positions are still open at a given moment.
Rising prices alongside rising open interest are often seen as a sign that longs are entering aggressively; falling prices alongside rising open interest are often seen as a sign that shorts are entering aggressively.
Before taking on leveraged positions, first work out whether you can withstand the worst-case scenario, then see what the indicators are saying.
#US
When volatility is high, manage your risk first.