$OGN 1-hour contract open interest increased by 12.86%, with an open interest value of approximately $3.57 million; meanwhile, the price fell 9.85%.
Guys, what is open interest? Here’s the short version 👇
An increase in open interest means new positions have been opened. A decrease means positions have been closed, whether voluntarily or through liquidation.
A high level of open interest is neither bullish nor bearish in itself; it simply means more positions are in play and the battle between bulls and bears is more intense.
Leave yourself some room when trading futures—don’t let a single wick knock you out of your position.
#OGN
Guys, what is open interest? Here’s the short version 👇
An increase in open interest means new positions have been opened. A decrease means positions have been closed, whether voluntarily or through liquidation.
A high level of open interest is neither bullish nor bearish in itself; it simply means more positions are in play and the battle between bulls and bears is more intense.
Leave yourself some room when trading futures—don’t let a single wick knock you out of your position.
#OGN