Looking only at the candlestick chart can make you miss a lot of information. $WAL 15-minute open interest is up 4.5%, while the price is up 1.26%. Compare the two:
Rising open interest and rising price: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is rising in tandem. Did you come out ahead this round, or get shaken out?
#WAL
This data is for reference only. Make your own trading decisions.
Rising open interest and rising price: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is rising in tandem. Did you come out ahead this round, or get shaken out?
#WAL
This data is for reference only. Make your own trading decisions.