$IRYS ｜15-minute open interest +6.74%｜Price +0.69%
Before looking at positions, first understand open interest.
Open interest is usually calculated separately for each trading pair. Here, it refers to positions in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
Rising prices and rising open interest are often interpreted as new longs entering aggressively, while falling prices and rising open interest are often seen as shorts entering aggressively.
Indicators can fail, so don’t skip your stop-loss: thinking in advance about what you’ll do if you’re wrong matters more than guessing correctly.
Just sharing some thoughts—win or lose, you’re responsible for your own trades.
Before looking at positions, first understand open interest.
Open interest is usually calculated separately for each trading pair. Here, it refers to positions in Binance USDⓈ-M perpetual contracts, not the total across all platforms.
Rising prices and rising open interest are often interpreted as new longs entering aggressively, while falling prices and rising open interest are often seen as shorts entering aggressively.
Indicators can fail, so don’t skip your stop-loss: thinking in advance about what you’ll do if you’re wrong matters more than guessing correctly.
Just sharing some thoughts—win or lose, you’re responsible for your own trades.
