Just making a quick note, October 18, 22:18:
$APR : Open interest is rising while the price is falling. Over the past 24 hours, open interest is up 129.86% and the price is down 40.09%. Total contract value is around $6.89 million.
My approach: when open interest rises and the price falls, I don't chase shorts or try to catch the bottom. I'll wait until open interest stops increasing and the price stabilizes before reassessing.
I'll come back in a few days to see how things turned out.
This is not investment advice or a recommendation to buy or sell. You assume all risks.
$APR : Open interest is rising while the price is falling. Over the past 24 hours, open interest is up 129.86% and the price is down 40.09%. Total contract value is around $6.89 million.
My approach: when open interest rises and the price falls, I don't chase shorts or try to catch the bottom. I'll wait until open interest stops increasing and the price stabilizes before reassessing.
I'll come back in a few days to see how things turned out.
This is not investment advice or a recommendation to buy or sell. You assume all risks.