【$METIS Signal】Empty position + decline accompanied by abnormal open interest
$METIS price drops -4.34%, but open interest remains as high as 521,000, showing a divergence where price falls while volume increases. Market logic suggests distinguishing between long liquidation or main force distribution. Currently, there is no clear absorption behavior; decline with high open interest indicates higher risk than opportunity.
🎯 Direction: Short
Wait for the price action to give a clear signal: either a volume breakout below a key support level to confirm main force distribution, or a strong buying interest absorbing the decline with decreasing open interest, forming a healthy reset. Currently, it is advisable to stay on the sidelines.
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【$METIS Signal】Empty position + decline accompanied by abnormal open interest
$METIS price drops -4.34%, but open interest remains as high as 521,000, showing a divergence where price falls while volume increases. Market logic suggests distinguishing between long liquidation or main force distribution. Currently, there is no clear absorption behavior; decline with high open interest indicates higher risk than opportunity.
🎯 Direction: Short
Wait for the price action to give a clear signal: either a volume breakout below a key support level to confirm main force distribution, or a strong buying interest absorbing the decline with decreasing open interest, forming a healthy reset. Currently, it is advisable to stay on the sidelines.
Trade 👇 $METIS
here
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