What does $TRUMP ’s position data tell us? Open interest is up 27.57% over 24 hours, while the price is down 15.57%. About $38.99 million is in the market.
My take: shorts may be opening positions as the price falls, so short-term selling pressure may not have eased yet. But if the price stabilizes and rebounds, these short positions could become fuel for a rally.
What leverage would you consider safe? Share your thoughts in the comments.
Just my personal perspective; I may be wrong. Please think critically.
My take: shorts may be opening positions as the price falls, so short-term selling pressure may not have eased yet. But if the price stabilizes and rebounds, these short positions could become fuel for a rally.
What leverage would you consider safe? Share your thoughts in the comments.
Just my personal perspective; I may be wrong. Please think critically.