Looking only at candlesticks can make you miss a lot of information. $WET 1-hour open interest +35.88%, price +3.27%. Look at them together:
Open interest rising, price rising: new longs are entering.
As open interest continues to increase, watch whether the funding rate is also moving toward extremes. Which side are you on, bulls or bears?
#WET
Open interest rising, price rising: new longs are entering.
As open interest continues to increase, watch whether the funding rate is also moving toward extremes. Which side are you on, bulls or bears?
#WET