$INIT 15-minute open interest rose 3.32%, while the price climbed 2.79%.
A decline in open interest usually means positions are being closed, while an increase means new capital is entering. The momentum that follows tends to differ in these two cases.
A genuine trend requires a series of higher highs and higher lows, or lower highs and lower lows. One or two candlesticks are only an early sign.

Risk management comes first in highly volatile markets.