Technical Note | $XRP | 15-minute open interest +1.81% | Price -0.38%
Definition first: When both buyers and sellers open new positions, open interest rises; when both sides close positions, it falls; when one side opens a position and the other closes, open interest remains unchanged.
How to read it: If the price barely moves while open interest rises noticeably, it means both bulls and bears are adding to their positions. A larger move is generally more likely to follow, though the direction is uncertain.
Keep enough margin for leveraged positions. Don’t let a single wick liquidate your position.
Definition first: When both buyers and sellers open new positions, open interest rises; when both sides close positions, it falls; when one side opens a position and the other closes, open interest remains unchanged.
How to read it: If the price barely moves while open interest rises noticeably, it means both bulls and bears are adding to their positions. A larger move is generally more likely to follow, though the direction is uncertain.
Keep enough margin for leveraged positions. Don’t let a single wick liquidate your position.