I just noticed that open interest increased by 4.38% over $SOPH 15 minutes, so I made a mental note.
When price and open interest rise together, bulls are active; when price falls while open interest rises, bears are taking the initiative. When the price stays flat but open interest rises, something big is often brewing.
Just my personal opinion—please consider it rationally.
When price and open interest rise together, bulls are active; when price falls while open interest rises, bears are taking the initiative. When the price stays flat but open interest rises, something big is often brewing.
Just my personal opinion—please consider it rationally.