Structurally, $ZEREBRO ’s open interest and price are diverging (open interest is rising while the price is moving sideways): open interest is up 25.74% over 24 hours, while the price is down 0.67%, with the current price at 0.04399.
Watch two things next:
First, which direction the price breaks out of the range with volume; second, whether open interest drops rapidly afterward—a concentrated decline in open interest usually indicates that one side is being forced to close positions.
#ZEREBRO
Watch two things next:
First, which direction the price breaks out of the range with volume; second, whether open interest drops rapidly afterward—a concentrated decline in open interest usually indicates that one side is being forced to close positions.
#ZEREBRO