A friend asked me what was going on with the recent contracts for $CKB . I gave him a quick summary:
“The price is down 5.3% over the past 24 hours, while open interest is up 18.89%. That probably means new shorts are pushing the price down. But if shorts get too crowded, watch out for a rebound.”
He then asked what he should do. I said I didn’t know either; I usually just wait and see, then decide once the market has played out.
Volatility is high, so use leverage cautiously.
“The price is down 5.3% over the past 24 hours, while open interest is up 18.89%. That probably means new shorts are pushing the price down. But if shorts get too crowded, watch out for a rebound.”
He then asked what he should do. I said I didn’t know either; I usually just wait and see, then decide once the market has played out.
Volatility is high, so use leverage cautiously.