#bnb #long Open Interest (Total Open Contracts) is the total number of futures contracts currently held and not closed by traders. It shows the flow of money entering the market and the level of interest from investors.
Chart Analysis:
1. The OI chart is trending upwards strongly (yellow bar), along with the nominal value also increasing (black line). This indicates:
- New money is continuously entering the market
- Traders are confidently opening new positions
- The upward trend is likely to continue
2. Long/Short Ratio:
- Short dominates (red ~55%)
- Long is lower (blue ~45%)
- This ratio is gradually balancing towards the end of the session
Recommendation:
Due to the strong increase in OI along with high short pressure, a short squeeze (those short must close their positions) may occur. Suggestion:
LONG with:
- Stop loss: -2% below entry price
- Take profit: +4% above entry price
- Use maximum leverage of 5x