🐳 $RSR : Open interest is rising while the price is falling. 24-hour open interest: +186.18%; current price: 0.002118.
What I care more about is: who’s opening positions as the price falls? A falling price with rising open interest often means shorts are adding to their positions. The more new short positions there are—and the more crowded the trade gets—the more fuel there is for an upward squeeze.
Next, watch whether large orders are buying or selling.
#RSR
What I care more about is: who’s opening positions as the price falls? A falling price with rising open interest often means shorts are adding to their positions. The more new short positions there are—and the more crowded the trade gets—the more fuel there is for an upward squeeze.
Next, watch whether large orders are buying or selling.
#RSR