What does $AKE 's position reveal? Open interest up 23.64% over 24 hours, price down 52.28%, and exchange positions worth about $7.55 million.
My take: it looks like shorts are opening positions amid the downtrend, so selling pressure may not have eased yet. But once the price stabilizes and rebounds, these short positions could help fuel the rebound.
Do you trade with leverage often?
My take: it looks like shorts are opening positions amid the downtrend, so selling pressure may not have eased yet. But once the price stabilizes and rebounds, these short positions could help fuel the rebound.
Do you trade with leverage often?