Just looking at candlesticks can leave out half the picture. $ICNT 15-minute open interest is up 9.07%, while price is up 5.49%. Taken together:
Rising open interest and rising price: new longs are entering.
As open interest continues to rise, watch whether the funding rate is also climbing. How much leverage do you usually use?
I get it wrong sometimes too—make your own judgment.
Rising open interest and rising price: new longs are entering.
As open interest continues to rise, watch whether the funding rate is also climbing. How much leverage do you usually use?
I get it wrong sometimes too—make your own judgment.
