Q: Open interest fell 13.32% over $AKE 24 hours, while the price rose 110.74%. What does that mean?
A: This rally seems to have been driven more by short covering; for now, there’s no clear sign of new long positions entering. Short covering has its limits. Whether the move continues depends on whether new money comes in.
#AKE
Personal notes, not specific trading advice.
A: This rally seems to have been driven more by short covering; for now, there’s no clear sign of new long positions entering. Short covering has its limits. Whether the move continues depends on whether new money comes in.
#AKE
Personal notes, not specific trading advice.
