Guys, new development: $RSR 15-minute contract open interest increased by 5.34%, with the value of open positions at around $12.61 million; meanwhile, the price was down 4.41%.
Open interest changed, but my position is still zero—I’m just watching from the sidelines.
On a more serious note, the value of open positions equals the number of coins held multiplied by the price, so it also rises when the price goes up. Looking at the coin quantity ratio gives you a better sense of whether new positions have actually been opened.
It’s easy to learn how to read indicators; the hard part is still following your rules when the market gets most exciting.
#RSR
Open interest changed, but my position is still zero—I’m just watching from the sidelines.
On a more serious note, the value of open positions equals the number of coins held multiplied by the price, so it also rises when the price goes up. Looking at the coin quantity ratio gives you a better sense of whether new positions have actually been opened.
It’s easy to learn how to read indicators; the hard part is still following your rules when the market gets most exciting.
#RSR