$PUMP Open interest in 15-minute contracts increased by 56.19%; the price rose by 0.41% over the same period.
Let's use this data to talk about open interest.
Every new position necessarily has someone going long and someone else going short, so the idea that “a sharp increase in open interest means bullishness” is a common misconception.
Open interest varies greatly between different coins. Large short-term swings in smaller coins are not unusual, while swings of the same magnitude in major coins are much rarer.
Don't chase a trade during the fastest move. Wait for the candlestick to close and settle before deciding.
#PUMP
Let's use this data to talk about open interest.
Every new position necessarily has someone going long and someone else going short, so the idea that “a sharp increase in open interest means bullishness” is a common misconception.
Open interest varies greatly between different coins. Large short-term swings in smaller coins are not unusual, while swings of the same magnitude in major coins are much rarer.
Don't chase a trade during the fastest move. Wait for the candlestick to close and settle before deciding.
#PUMP