Looking only at candlesticks can make you miss half the picture. $DOOD 1-hour open interest is up 5.01%, while price is up 0.86%. Compare the two:
Open interest up, price up: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is rising too. Share your position management strategies in the comments.
Open interest up, price up: new longs are entering.
If open interest keeps piling up, watch whether the funding rate is rising too. Share your position management strategies in the comments.