Just sharing a thought: I was looking at the contract data and noticed something about $AVA that made me take a second look: open interest is up 55.09% over the past 24 hours, while the price is only up 0.46%.
The price hasn’t moved much, but positions are piling in. I’ve been burned before: the longer the market coils like this, the bigger the next candle tends to be—and it’s really hard to know which way it’ll go beforehand. So these days, I usually keep my position size small and wait for the market to show its hand.
What indicators do you usually watch?
The price hasn’t moved much, but positions are piling in. I’ve been burned before: the longer the market coils like this, the bigger the next candle tends to be—and it’s really hard to know which way it’ll go beforehand. So these days, I usually keep my position size small and wait for the market to show its hand.
What indicators do you usually watch?