🐳 $AKE : Open interest is rising while the price is moving sideways. 24-hour open interest: +22.8%; current price: 0.002665.
What I care more about is: what are these new positions waiting for? The price staying put roughly suggests buyers and sellers are evenly matched. If one side backs off first, the other will have the advantage.
Next, watch whether open interest rises or falls.
What I care more about is: what are these new positions waiting for? The price staying put roughly suggests buyers and sellers are evenly matched. If one side backs off first, the other will have the advantage.
Next, watch whether open interest rises or falls.