One quick thing: I was just looking through the futures data, and there was something about $Lobster that caught my eye: open interest is up 18.71% over the past 24 hours, while the price is down 38.25%.
Rising open interest as the price falls usually means new shorts are pushing it down. But I’ve also seen crowded shorts get wiped out by a single bounce plenty of times, so in situations like this, I don’t chase the short or rush to buy the dip.
Saving this to compare later.
Rising open interest as the price falls usually means new shorts are pushing it down. But I’ve also seen crowded shorts get wiped out by a single bounce plenty of times, so in situations like this, I don’t chase the short or rush to buy the dip.
Saving this to compare later.