$MAGMA 15-minute open interest increased by 4.61%, and the price rose by 12.73%.
Open interest only makes sense when viewed alongside price; changes in open interest alone cannot determine direction.
A genuine breakout is often accompanied by increased volume, while a false breakout often has no volume. This is the filtering method I value most.
#MAGMA
Open interest only makes sense when viewed alongside price; changes in open interest alone cannot determine direction.
A genuine breakout is often accompanied by increased volume, while a false breakout often has no volume. This is the filtering method I value most.
#MAGMA