$WAL 15 minutes later, it was up 3.30%. Could it continue to climb?
Trading volume reached 28.21 times the baseline, while open interest rose 9.99% over the same period.
The price is currently at the 79th percentile of its range over the past 90 days; the 30-day amplitude is 70%.
Price and open interest are rising together, but an increase in open interest alone does not indicate whether positions are bullish or bearish.
Next, watch whether trading volume holds up and whether the price can hold on to this round of gains. If volume contracts and the price retreats, the rally has not continued.
Trading volume reached 28.21 times the baseline, while open interest rose 9.99% over the same period.
The price is currently at the 79th percentile of its range over the past 90 days; the 30-day amplitude is 70%.
Price and open interest are rising together, but an increase in open interest alone does not indicate whether positions are bullish or bearish.
Next, watch whether trading volume holds up and whether the price can hold on to this round of gains. If volume contracts and the price retreats, the rally has not continued.