Looking only at candlesticks can make you miss half the picture. $IRYS 15-minute open interest: +8.22%; price: +5.67%. Viewed together:
Open interest rises and price rises: new longs are actively entering.
As open interest continues to increase, watch whether the funding rate rises too. Do you usually place orders with a stop-loss?
For record-keeping only, not investment advice.
Open interest rises and price rises: new longs are actively entering.
As open interest continues to increase, watch whether the funding rate rises too. Do you usually place orders with a stop-loss?
For record-keeping only, not investment advice.