The candlestick chart is cracking jokes again: $UAI 24-hour futures open interest is up 62.49%, while the price is down 23.98%—classic rising open interest and falling price.
Looks like the bears are dragging it down while calling for reinforcements, and some bulls are catching it down below. I stood in the middle counting heads, only to realize after I finished that I hadn’t picked a side. If anything, I felt relieved.
Send this to that friend who’s always talking about buying the dip.
#UAI
Looks like the bears are dragging it down while calling for reinforcements, and some bulls are catching it down below. I stood in the middle counting heads, only to realize after I finished that I hadn’t picked a side. If anything, I felt relieved.
Send this to that friend who’s always talking about buying the dip.
#UAI