Looking only at the candlestick chart makes it easy to miss half the picture. $ERA 15-minute open interest: +7.29%; price: +1.53%. Compare the two:
Open interest up, price up: new longs are entering aggressively.
If open interest keeps rising, watch whether the funding rate also moves toward an extreme. Do you use leverage much?
#ERA
Open interest up, price up: new longs are entering aggressively.
If open interest keeps rising, watch whether the funding rate also moves toward an extreme. Do you use leverage much?
#ERA
