$A 1-hour open interest increased by 15.37%, while the price rose by 2.34%.
A decrease in open interest often means some positions are being closed, while an increase means new capital is entering. The market tends to move differently afterward in these two scenarios.
A genuine breakout is often accompanied by increased volume, while a false breakout often lacks volume. This is the criterion I value most.
A decrease in open interest often means some positions are being closed, while an increase means new capital is entering. The market tends to move differently afterward in these two scenarios.
A genuine breakout is often accompanied by increased volume, while a false breakout often lacks volume. This is the criterion I value most.