Looking only at candlesticks can make you miss a lot of information. $IN 1-hour open interest is up 20.65%, while price is up 18.65%. Taken together:
Rising open interest and rising price: new longs are entering.
As open interest continues to rise, watch to see whether the funding rate rises along with it. Which side do you think will get flushed out first next—the longs or the shorts?
#IN
Just my personal opinion, not investment advice.
Rising open interest and rising price: new longs are entering.
As open interest continues to rise, watch to see whether the funding rate rises along with it. Which side do you think will get flushed out first next—the longs or the shorts?
#IN
Just my personal opinion, not investment advice.