It’s easy to miss a lot of information if you only look at candlestick charts. $BAT 15-minute open interest is up 4.09%, while price is up 3.08%. Compare the two:
Open interest rising and price rising: new longs are entering.
If open interest keeps increasing, watch to see whether the funding rate is also moving toward an extreme. Do you usually trade futures?
#BAT
For record-keeping only; not investment advice.
Open interest rising and price rising: new longs are entering.
If open interest keeps increasing, watch to see whether the funding rate is also moving toward an extreme. Do you usually trade futures?
#BAT
For record-keeping only; not investment advice.