To put it simply, while reviewing the contract data today, I noticed $ON : open interest is up 8.11% over 15 minutes and currently stands at $14.15 million.
The price is rising in tandem (+29.5%), which suggests new longs are entering. I usually check the funding rate next; if it's still normal, this move is on pretty solid footing.
How do you usually handle this kind of situation?
#ON
The price is rising in tandem (+29.5%), which suggests new longs are entering. I usually check the funding rate next; if it's still normal, this move is on pretty solid footing.
How do you usually handle this kind of situation?
#ON
