Q: $Lobster open interest fell 17.89% over 24 hours while the price rose 7.62%. What does this indicate?
A: This rally was likely driven mostly by short covering, with no clear signs of new money entering for now. Short covering eventually runs its course; whether the trend continues depends on whether new money comes in.
Stay rational and manage your position size.
A: This rally was likely driven mostly by short covering, with no clear signs of new money entering for now. Short covering eventually runs its course; whether the trend continues depends on whether new money comes in.
Stay rational and manage your position size.