Market Notes｜$AVA ｜1-hour open interest +141.83%｜Price +1.71%
Definition: Open interest and trading volume are two different metrics. Trading volume measures how much has changed hands over a period of time, while open interest measures how many positions are still open at the moment.
How to read them: A rising price with rising open interest is often interpreted as new long positions entering the market, while a falling price with rising open interest is often interpreted as new short positions entering actively.
It’s more reliable to look for confirmation across multiple data points than to focus on just one, but even more indicators can’t provide a definite conclusion.
#AVA
This may not be accurate, so make your own decisions.
Definition: Open interest and trading volume are two different metrics. Trading volume measures how much has changed hands over a period of time, while open interest measures how many positions are still open at the moment.
How to read them: A rising price with rising open interest is often interpreted as new long positions entering the market, while a falling price with rising open interest is often interpreted as new short positions entering actively.
It’s more reliable to look for confirmation across multiple data points than to focus on just one, but even more indicators can’t provide a definite conclusion.
#AVA
This may not be accurate, so make your own decisions.