Just a quick thought: I was looking at the futures data earlier, and one detail about $AGT caught my eye: open interest fell 27.87% over the past 24 hours, while the price rose 86.45%.
The price is up while open interest is down. It looks strong at first glance, but it’s probably mostly shorts covering. I’ve followed this kind of move before—once the short covering is done, the price usually stops climbing. This time, I’ll wait and see whether open interest starts rising again.
Give this a like if you’re thinking the same thing.
The price is up while open interest is down. It looks strong at first glance, but it’s probably mostly shorts covering. I’ve followed this kind of move before—once the short covering is done, the price usually stops climbing. This time, I’ll wait and see whether open interest starts rising again.
Give this a like if you’re thinking the same thing.