Looking only at candlestick charts can make you miss a lot of information. $MEW 1-hour open interest is up 19.72%, while price is up 2.69%. Taken together:
Rising open interest and rising prices: new buyers are actively entering the market.
When open interest keeps building, watch to see whether the funding rate is rising too. Do you usually trade futures?
#MEW
DYOR, and only trade within your means.
Rising open interest and rising prices: new buyers are actively entering the market.
When open interest keeps building, watch to see whether the funding rate is rising too. Do you usually trade futures?
#MEW
DYOR, and only trade within your means.