It’s easy to miss a lot of information by looking only at candlestick charts. $JCT 1-hour open interest is up 13.22%, while the price is up 16.54%. Looking at them together:
Open interest up, price up: new longs are actively entering the market.
As open interest keeps climbing, watch to see whether the funding rate rises along with it. Do you usually set a stop-loss when opening a position?
#JCT
Open interest up, price up: new longs are actively entering the market.
As open interest keeps climbing, watch to see whether the funding rate rises along with it. Do you usually set a stop-loss when opening a position?
#JCT