Looking only at price can make you miss half the picture. $WCT 1-hour open interest +12.57%, price +2.64%. Compare the two:
Open interest up, price up: new longs are actively entering.
If open interest keeps rising, watch whether the funding rate rises along with it. Which side are you choosing—long or short?
#WCT
Open interest up, price up: new longs are actively entering.
If open interest keeps rising, watch whether the funding rate rises along with it. Which side are you choosing—long or short?
#WCT