Technical note | $ALPINE | 15-minute open interest +12.76% | Price +0.64%
Definition: Every increase in open interest means someone is going long and someone else is going short, so the idea that “rising open interest means bullish” is a common misconception.
How to read it: Open interest varies greatly across coins. It’s not unusual for small-cap coins’ open interest to change by tens of percent over an hour or two, whereas moves of the same magnitude are much less common for major coins.
It’s far more reliable to work out your order size based on where you place your stop-loss than to choose a position size by feel.
#ALPINE
Definition: Every increase in open interest means someone is going long and someone else is going short, so the idea that “rising open interest means bullish” is a common misconception.
How to read it: Open interest varies greatly across coins. It’s not unusual for small-cap coins’ open interest to change by tens of percent over an hour or two, whereas moves of the same magnitude are much less common for major coins.
It’s far more reliable to work out your order size based on where you place your stop-loss than to choose a position size by feel.
#ALPINE
