From a positioning perspective:
$IDOL : Contract open interest fell 10.22% over 24 hours, while the price rose 6.15%. There is still $25.69 million in open interest in the market.
Contract positions are shrinking while the price is rising: this looks more like short covering driving the price up than new longs entering. Watch to see whether open interest starts rising again—that could signal fresh money stepping in.
#IDOL
Do your own research before placing an order.
$IDOL : Contract open interest fell 10.22% over 24 hours, while the price rose 6.15%. There is still $25.69 million in open interest in the market.
Contract positions are shrinking while the price is rising: this looks more like short covering driving the price up than new longs entering. Watch to see whether open interest starts rising again—that could signal fresh money stepping in.
#IDOL
Do your own research before placing an order.