📐 Data: $RED ｜15-minute open interest +30.93%｜price +4.05%
· Definition: Open interest is usually calculated separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual futures, not the total across the entire market.
· How to read it: A sharp change in open interest over a short period means someone is opening or closing large positions, and subsequent price swings often widen.
Calculate your order size based on the stop-loss distance; it’s much more reliable than guessing.
#RED
· Definition: Open interest is usually calculated separately for each trading pair. Here, it refers to open interest in Binance USDⓈ-M perpetual futures, not the total across the entire market.
· How to read it: A sharp change in open interest over a short period means someone is opening or closing large positions, and subsequent price swings often widen.
Calculate your order size based on the stop-loss distance; it’s much more reliable than guessing.
#RED