Looking only at the candlestick chart can make you miss a lot of information. $XEC 15-minute open interest +11.29%, price +3.62%—look at them together:
Open interest rising, price rising: new longs are entering.
As open interest continues to increase, watch whether the funding rate is also moving toward extremes. Would you dare to make a move at this level?
#XEC
Open interest rising, price rising: new longs are entering.
As open interest continues to increase, watch whether the funding rate is also moving toward extremes. Would you dare to make a move at this level?
#XEC