Looking only at candlestick charts can make you miss a lot of information. For $WAL , 15-minute open interest is up 3.81% while price is down 1.77%. Taken together:
Rising open interest and falling price: new shorts are entering aggressively.
As open interest keeps climbing, watch whether the funding rate rises too. Which side are you on?
Rising open interest and falling price: new shorts are entering aggressively.
As open interest keeps climbing, watch whether the funding rate rises too. Which side are you on?