Looking only at candlesticks can make you miss half the picture. $BARD 15-minute open interest: +40.22%; price: +18.81%. Compare the two:
Rising open interest and rising price: new longs are actively entering.
When open interest keeps piling up, watch whether the funding rate is climbing too. Did you come out ahead on this move, or take a loss?
Just something to look at—don’t follow it blindly. Make your own decisions.
Rising open interest and rising price: new longs are actively entering.
When open interest keeps piling up, watch whether the funding rate is climbing too. Did you come out ahead on this move, or take a loss?
Just something to look at—don’t follow it blindly. Make your own decisions.
