Short
HNTUSDT - Short - 1:7 Return
Updated
High volume + open interest divergence is the perfect recipe for exhaustion. The recent rally was mostly short-covering hence why no significant uptick in O.I.
I anticipate a corrective move to the 0.5 fib level. If the price manages to close above 8.56, or if the O.I catches up, I'd close my position.
I anticipate a corrective move to the 0.5 fib level. If the price manages to close above 8.56, or if the O.I catches up, I'd close my position.
Trade active
Not closing my position. The price managed to close above 8.56, but the O.I is still pretty low. I'll consider closing my position if O.I touches the 800K mark.
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