Structurally, the derivatives data and price for $AIN have diverged (open interest down, price up): 24-hour open interest -10.54%, price +23.33%, current price 0.1367.
Next, watch for two things:
First, whether open interest can stop falling and recover—a recovery may indicate new longs stepping in. Second, whether the price starts to stall. If open interest continues to decline while the price moves sideways, it likely means short covering is nearly over.
#AIN
Next, watch for two things:
First, whether open interest can stop falling and recover—a recovery may indicate new longs stepping in. Second, whether the price starts to stall. If open interest continues to decline while the price moves sideways, it likely means short covering is nearly over.
#AIN