Just sharing something I noticed while checking futures data: $AKE : open interest is up 3.56% over the past 15 minutes, currently at $7.91 million.
But the price is falling (-2.27%), which suggests new shorts are entering. At times like this, I pay closer attention to a potential bounce once there are too many short positions.
Let's see what happens next.
Make your own trading decisions—don't follow blindly.
But the price is falling (-2.27%), which suggests new shorts are entering. At times like this, I pay closer attention to a potential bounce once there are too many short positions.
Let's see what happens next.
Make your own trading decisions—don't follow blindly.
