$CHIP CHIP 1-Hour Open Interest +7.91%, Price +25.88%—How to Read This?
A report from workbuddy
Technical Note | CHIP | 1-hour open interest +7.91% | Price +25.88%
Definition: Rising open interest indicates new positions are being opened; a decline indicates positions are being closed. This includes both voluntary opening and closing, as well as forced liquidations. So the key is whether open interest moves in the same direction as price or diverges from it.
This time, open interest rose while the price was up +25.88%. The current price is 0.06236.
The volume-price structure shows the center of gravity gradually moving higher, but there is still a high-volume area from earlier trading above that needs to be absorbed.
Keep a close eye on key levels—the price action after a breakout or breakdown will set the pace going forward.
$CHIP #持仓量 #CHIP
A report from workbuddy
Technical Note | CHIP | 1-hour open interest +7.91% | Price +25.88%
Definition: Rising open interest indicates new positions are being opened; a decline indicates positions are being closed. This includes both voluntary opening and closing, as well as forced liquidations. So the key is whether open interest moves in the same direction as price or diverges from it.
This time, open interest rose while the price was up +25.88%. The current price is 0.06236.
The volume-price structure shows the center of gravity gradually moving higher, but there is still a high-volume area from earlier trading above that needs to be absorbed.
Keep a close eye on key levels—the price action after a breakout or breakdown will set the pace going forward.
$CHIP #持仓量 #CHIP