$ICNT 1-hour open interest rose 14.77%, while the price climbed 6.8%.
Rising prices with rising open interest suggest bullish longs are active; falling prices with rising open interest suggest bearish shorts are active. If the price is unchanged while open interest rises, it usually means momentum is building.
The candlestick close matters more than the wick: a steady close indicates the direction is genuine.
Rising prices with rising open interest suggest bullish longs are active; falling prices with rising open interest suggest bearish shorts are active. If the price is unchanged while open interest rises, it usually means momentum is building.
The candlestick close matters more than the wick: a steady close indicates the direction is genuine.