I used to look only at candlestick charts. Later, I learned to look at them alongside futures open interest. $XAN is a good example:
Looking only at the price, it was down 14.91% over 24 hours, so I thought it was just bulls exiting. But when I checked open interest, I saw it had increased by 26.5%—perhaps more new shorts were piling in.
Do you usually compare price movements with open interest?
#XAN
Looking only at the price, it was down 14.91% over 24 hours, so I thought it was just bulls exiting. But when I checked open interest, I saw it had increased by 26.5%—perhaps more new shorts were piling in.
Do you usually compare price movements with open interest?
#XAN
