👀 Open interest surged 2.84% in $STRK 15 minutes 👀
Take a moment to understand open interest before jumping to conclusions 👇
An increase in open interest means new positions are being opened, while a decrease means positions are being closed, either voluntarily or through forced liquidation.
Rising prices with falling open interest are generally interpreted as being driven by short covering; falling prices with falling open interest are often seen as longs closing their positions. These are only conjectures, not conclusions.
All indicators merely summarize past movements; prices can move in the opposite direction at any time.
#STRK
Take a moment to understand open interest before jumping to conclusions 👇
An increase in open interest means new positions are being opened, while a decrease means positions are being closed, either voluntarily or through forced liquidation.
Rising prices with falling open interest are generally interpreted as being driven by short covering; falling prices with falling open interest are often seen as longs closing their positions. These are only conjectures, not conclusions.
All indicators merely summarize past movements; prices can move in the opposite direction at any time.
#STRK