Looking only at the candlesticks can make you miss a lot of information. $ARPA 1-hour open interest: +10.83%; price: +3.34%. Viewed together:
Rising open interest, rising price: new longs are actively entering.
If open interest keeps piling up, watch whether the funding rate rises in tandem. Which side do you think will be the first to buckle next—longs or shorts?
#ARPA
Just a record of market activity. Please make your own trading decisions.
Rising open interest, rising price: new longs are actively entering.
If open interest keeps piling up, watch whether the funding rate rises in tandem. Which side do you think will be the first to buckle next—longs or shorts?
#ARPA
Just a record of market activity. Please make your own trading decisions.