Looking only at candlestick charts can make you miss a lot of information. $LUMIA 15-minute open interest: +4.44%; price: +7.63%. Compare the two:
Open interest rising, price rising: new long positions are entering aggressively.
If open interest keeps increasing, watch whether the funding rate rises along with it. Which side do you think will crack first next—the bulls or the bears?
#LUMIA
Crypto markets move fast, so don’t use too much leverage.
Open interest rising, price rising: new long positions are entering aggressively.
If open interest keeps increasing, watch whether the funding rate rises along with it. Which side do you think will crack first next—the bulls or the bears?
#LUMIA
Crypto markets move fast, so don’t use too much leverage.