🐳 $INJ : Open interest is rising while the price moves sideways. 24-hour open interest: +14.65%; current price: 8.703.
What I care more about is: who opened these new positions? The price staying put roughly suggests buyers and sellers are evenly matched. If one side backs off first, the other will have the advantage.
Next, watch whether open interest rises or falls.
What I care more about is: who opened these new positions? The price staying put roughly suggests buyers and sellers are evenly matched. If one side backs off first, the other will have the advantage.
Next, watch whether open interest rises or falls.