$PUMP : Open interest is down while the price is up; 24-hour open interest is -13.51%, and the current price is 0.004463.
What I care about more is: who’s buying on the way up? When the price rises as open interest falls, it usually means most of the buying comes from short covering—and once those shorts have covered, that buying is gone. A sustained move needs new long positions to keep stepping in.
Next, watch whether open interest rises or falls.
#PUMP
Just one person’s take—take it with a grain of salt. This isn’t advice.
What I care about more is: who’s buying on the way up? When the price rises as open interest falls, it usually means most of the buying comes from short covering—and once those shorts have covered, that buying is gone. A sustained move needs new long positions to keep stepping in.
Next, watch whether open interest rises or falls.
#PUMP
Just one person’s take—take it with a grain of salt. This isn’t advice.