Technically, $US ’s futures data and price have diverged (open interest is rising while the price is falling): open interest is up 48.07% over 24 hours, while the price is down 33.63%, with the current price at 0.01177.
Next, watch two things:
First, whether open interest continues to rise—further increases often indicate that bears are still adding to their positions. Second, whether the price can reclaim lost ground with strong volume during a rebound; if it does, watch out for concentrated short covering.
#US
Please do your own research before trading.
Next, watch two things:
First, whether open interest continues to rise—further increases often indicate that bears are still adding to their positions. Second, whether the price can reclaim lost ground with strong volume during a rebound; if it does, watch out for concentrated short covering.
#US
Please do your own research before trading.