❗️ Open interest surged 9.43% over $HANA 1 hours 👀
Don't rush—make sure you understand open interest first 👇
Every new position necessarily involves someone going long and someone going short, so the idea that “rising open interest means the market is bullish” is a common misconception.
Rising prices accompanied by rising open interest are often seen as longs entering aggressively, while falling prices accompanied by rising open interest are often seen as new shorts entering aggressively.
When trading with leverage, first work out whether you can handle the worst-case scenario, then consider what the indicators are telling you.
#HANA
Don't rush—make sure you understand open interest first 👇
Every new position necessarily involves someone going long and someone going short, so the idea that “rising open interest means the market is bullish” is a common misconception.
Rising prices accompanied by rising open interest are often seen as longs entering aggressively, while falling prices accompanied by rising open interest are often seen as new shorts entering aggressively.
When trading with leverage, first work out whether you can handle the worst-case scenario, then consider what the indicators are telling you.
#HANA