$ZK 1-hour open interest increased by 18.28%, while the price rose 6.68%.
A sharp change in open interest indicates funds flowing into or out of contracts. Whether positions are being opened or closed, and whether they are long or short, should be assessed alongside price direction.
The chart’s previous low and key moving averages are more worth watching than this particular price move.
Just a market observation; make your own trading decisions.
A sharp change in open interest indicates funds flowing into or out of contracts. Whether positions are being opened or closed, and whether they are long or short, should be assessed alongside price direction.
The chart’s previous low and key moving averages are more worth watching than this particular price move.
Just a market observation; make your own trading decisions.