What is $KAVA 's position telling us? Positions are up 49.08% over 24 hours, while the price is down 21.62%. Open interest is around $7.35 million.
My take: it looks like bears are adding to their positions as prices fall, so selling pressure may not have eased yet. But if the price stabilizes and rebounds, these short positions could help fuel the rally.
Do you check open interest before placing a trade?
#KAVA
My take: it looks like bears are adding to their positions as prices fall, so selling pressure may not have eased yet. But if the price stabilizes and rebounds, these short positions could help fuel the rally.
Do you check open interest before placing a trade?
#KAVA