❗️ $ICNT 15-minute open interest surged 5.37%👀
Take two seconds to understand open interest before you make a move👇
Every open contract has one long and one short position behind it, so open interest itself is neither bullish nor bearish. The market always has the same number of long and short positions.
The higher the open interest, the greater the impact contract funds can have on price. A sudden spike or drop could trigger a cascade of liquidations.
Don’t place an order at the most volatile moment. Wait for the candlestick to close before taking a look.
#ICNT
Take two seconds to understand open interest before you make a move👇
Every open contract has one long and one short position behind it, so open interest itself is neither bullish nor bearish. The market always has the same number of long and short positions.
The higher the open interest, the greater the impact contract funds can have on price. A sudden spike or drop could trigger a cascade of liquidations.
Don’t place an order at the most volatile moment. Wait for the candlestick to close before taking a look.
#ICNT