Looking only at candlestick charts can make you miss half the picture. $STRK In 15 minutes: open interest +72.35%, price -1.28%. Compare the two:
Rising open interest, falling price: new short positions are entering.
If open interest keeps increasing, watch whether the funding rate is also moving toward extremes. Do you usually set a stop-loss when placing an order?
#STRK
Rising open interest, falling price: new short positions are entering.
If open interest keeps increasing, watch whether the funding rate is also moving toward extremes. Do you usually set a stop-loss when placing an order?
#STRK