Looking only at price can make you miss half the picture: $LSK 1-hour open interest is up 11.09%, while price is down 1.01%. Taken together:
Rising open interest, falling price: new shorts are entering.
As open interest keeps piling up, watch to see whether the funding rate also moves toward extremes. Do you usually open positions with a stop-loss?
#LSK
Rising open interest, falling price: new shorts are entering.
As open interest keeps piling up, watch to see whether the funding rate also moves toward extremes. Do you usually open positions with a stop-loss?
#LSK
