Trapped traders through a single candle: Increase in open interest...
Luckshury@Luckshuryy
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Sep 30, 2024
~1 min read
1
Trapped traders through a single candle:
Increase in open interest ↑
Negative delta ↓
Negative delta printing at the bottom end of the candle.
Price then closes the candle at the highs trapping the new shorts whom we are assuming entered at the lows.
Increase in open interest ↑
Negative delta ↓
Negative delta printing at the bottom end of the candle.
Price then closes the candle at the highs trapping the new shorts whom we are assuming entered at the lows.