Over $ARC 1 hours, open interest increased by 155.37%; the price rose by 2.28%.
In other words, price and open interest both went up, which I take to mean that longs are adding to their positions.
An increase in open interest means someone is opening new positions; a decrease means someone is closing positions. You can’t tell the direction just from this alone.
Just sharing for reference—don’t copy this blindly. Make your own decisions.
In other words, price and open interest both went up, which I take to mean that longs are adding to their positions.
An increase in open interest means someone is opening new positions; a decrease means someone is closing positions. You can’t tell the direction just from this alone.
Just sharing for reference—don’t copy this blindly. Make your own decisions.