Looking only at candlesticks can make you miss a lot of information. $WAL 1-hour open interest is up 115.19%, while price is up 0.27%. Compare the two:
When open interest rises and price moves sideways, both bulls and bears are adding positions.
As open interest keeps piling up, watch whether the funding rate is also moving toward extremes. Which side would you choose?
#WAL
When open interest rises and price moves sideways, both bulls and bears are adding positions.
As open interest keeps piling up, watch whether the funding rate is also moving toward extremes. Which side would you choose?
#WAL