$MERL 15-minute open interest increased by 8.2%, while the price rose by 4.24%.
When open interest swings sharply, funding rates are also worth watching. If the rate gets too extreme, beware of a liquidation in the opposite direction.
Looking at the chart, pay more attention to the previous low and key moving averages than to this brief fluctuation.
Just taking a look—don't buy based on this. Make your own decision.
When open interest swings sharply, funding rates are also worth watching. If the rate gets too extreme, beware of a liquidation in the opposite direction.
Looking at the chart, pay more attention to the previous low and key moving averages than to this brief fluctuation.
Just taking a look—don't buy based on this. Make your own decision.
