Q: Over $AKE 24 hours, open interest increased by 22.8% and the price rose 1.48%. What does this mean?
A: Money is coming in, but the price hasn’t picked a side. Both bulls and bears are building positions. The longer the tug-of-war lasts, the more violent the eventual move tends to be—but its direction can’t be predicted.
#AKE
Don’t treat this as a basis for trading.
A: Money is coming in, but the price hasn’t picked a side. Both bulls and bears are building positions. The longer the tug-of-war lasts, the more violent the eventual move tends to be—but its direction can’t be predicted.
#AKE
Don’t treat this as a basis for trading.