Looking only at candlesticks can make you miss half the picture. $AIOT 15-minute open interest: +4.04%; price: +7.37%. Viewed together:
Rising open interest and rising price: new longs are entering.
If open interest keeps increasing, watch whether the funding rate is also moving toward extremes. Which side are you on, bulls or bears?
#AIOT
Rising open interest and rising price: new longs are entering.
If open interest keeps increasing, watch whether the funding rate is also moving toward extremes. Which side are you on, bulls or bears?
#AIOT