$BR open interest looks so weak right now.
If you look at the chart, $BR touched around $1–$1.40, and after that it kept crashing every single day for almost 14 days.
Now we can see it’s up around 50% from the new dip, so people might think it’s going to pump again. But the open interest still looks very weak.
So maybe it can pump a little more just to liquidate the shorts, and then crash even harder again.
That’s what I’m watching right now. Always DYOR!
If you look at the chart, $BR touched around $1–$1.40, and after that it kept crashing every single day for almost 14 days.
Now we can see it’s up around 50% from the new dip, so people might think it’s going to pump again. But the open interest still looks very weak.
So maybe it can pump a little more just to liquidate the shorts, and then crash even harder again.
That’s what I’m watching right now. Always DYOR!
