$RSR 15-minute open interest increased by 2.54%, while the price fell by 1.12%.
Rising prices and rising open interest suggest aggressive long positions; falling prices and rising open interest suggest aggressive short positions. If the price is unchanged while open interest rises, it usually means traders are building up momentum.
A genuine breakout is often accompanied by high volume, while a false breakout often lacks volume. This is the method I use most often to judge breakouts.
Rising prices and rising open interest suggest aggressive long positions; falling prices and rising open interest suggest aggressive short positions. If the price is unchanged while open interest rises, it usually means traders are building up momentum.
A genuine breakout is often accompanied by high volume, while a false breakout often lacks volume. This is the method I use most often to judge breakouts.