Looking only at the candlestick chart, it’s easy to miss half the picture. $UAI 15-minute open interest: +7.75%; price: -22.87%. Compare the two:
Open interest rising while price falls: new shorts are entering.
When open interest keeps piling up, watch whether the funding rate is also moving toward extremes. What leverage do you usually use?
#UAI
Open interest rising while price falls: new shorts are entering.
When open interest keeps piling up, watch whether the funding rate is also moving toward extremes. What leverage do you usually use?
#UAI