First, look at the data: $Q 15-minute open interest is up 4.76%, with total open interest at $17.39 million; over the same period, price is down 7.02%, and 24h is down 19.7%.
Leverage is clearly building up. The rebound after the first big red candle is often a window to reduce positions. What’s your take at this stage?
Leverage is clearly building up. The rebound after the first big red candle is often a window to reduce positions. What’s your take at this stage?