$MAGIC 1-hour open interest rose 8.2%, while the price fell 2.23%.
When open interest moves sharply, it’s also worth watching the funding rate. If funding is heavily skewed in one direction, watch out for a reversal-driven shakeout.
A genuine trend needs a sustained sequence of higher highs and higher lows (or lower highs and lower lows). One or two candlesticks are just the beginning.
This is not investment advice. You are responsible for your own profits and losses.
When open interest moves sharply, it’s also worth watching the funding rate. If funding is heavily skewed in one direction, watch out for a reversal-driven shakeout.
A genuine trend needs a sustained sequence of higher highs and higher lows (or lower highs and lower lows). One or two candlesticks are just the beginning.
This is not investment advice. You are responsible for your own profits and losses.