It’s easy to miss a lot of information if you only look at candlesticks. $IN : 15-minute open interest +2.91%, price -0.38%. Compare the two:
Open interest rises while price falls: new short positions are actively entering.
When open interest keeps piling up, watch to see whether the funding rate rises too. Would you dare to take a position here?
Open interest rises while price falls: new short positions are actively entering.
When open interest keeps piling up, watch to see whether the funding rate rises too. Would you dare to take a position here?