$INIT was the biggest mover on the leaderboard yesterday: Whale Radar data shows it rose about 34% in 24 hours to $0.2225, while open interest increased 35%, indicating that new leveraged positions are flowing in. The move was even more dramatic in South Korea, where INIT briefly rose 39% on Bithumb, with trading volume of about 6.7 billion won; $MANTRA also gained 23%.
My take: When open interest and price surge together, volatility is usually high, so think about your stop-loss before jumping in. Leverage has a lot to do with the rise, and any pullback could happen just as quickly.
#INIT #山寨币 is for informational purposes only and does not constitute investment advice.
My take: When open interest and price surge together, volatility is usually high, so think about your stop-loss before jumping in. Leverage has a lot to do with the rise, and any pullback could happen just as quickly.
#INIT #山寨币 is for informational purposes only and does not constitute investment advice.