Just jotting this down, October 12 at 14:34:
$US : Open interest is rising while the price is falling. Over the past 24 hours, open interest is up 48.07% and the price is down 33.63%. Total open interest is about $11.32 million.
My approach: when open interest rises as the price falls, I don’t chase the short or rush to buy the dip. I wait until open interest stops rising and the price finds support, then reassess.
I’ll come back later and check the outcome.
$US : Open interest is rising while the price is falling. Over the past 24 hours, open interest is up 48.07% and the price is down 33.63%. Total open interest is about $11.32 million.
My approach: when open interest rises as the price falls, I don’t chase the short or rush to buy the dip. I wait until open interest stops rising and the price finds support, then reassess.
I’ll come back later and check the outcome.