What does $AGT ’s position reveal? Over 24 hours, positions fell 10.52% while the price rose 69.86%, with about $36.54 million in open interest.
My take: shorts are likely closing their positions, and the price rise is probably driven by buying to cover. Once that covering ends, the question is whether new longs are willing to step in.
Would you trade in a market like this?
My take: shorts are likely closing their positions, and the price rise is probably driven by buying to cover. Once that covering ends, the question is whether new longs are willing to step in.
Would you trade in a market like this?