Retail traders are going for each other's throats in the futures market, while small caps are sprinting on the leaderboard.
Current spot price for $OPEN is $0.2069, up 16.5% in 24h, with a high of $0.2141 and a low of $0.1766. Spot trading volume is only $3.91M, while futures have already hit $10.61M, giving a trading ratio of 2.7x. The fee is just +0.005%, and open interest is at 49.17 million coins, indicating a decent amount of interest, but the sentiment hasn't gone completely bonkers yet.
For this play, I’m not chasing the market price; I’ll set a limit order on the pullback to grab a few bucks, with a position size of 2%. If I’m wrong, I’ll just cut it. $OPEN #OPEN
Current spot price for $OPEN is $0.2069, up 16.5% in 24h, with a high of $0.2141 and a low of $0.1766. Spot trading volume is only $3.91M, while futures have already hit $10.61M, giving a trading ratio of 2.7x. The fee is just +0.005%, and open interest is at 49.17 million coins, indicating a decent amount of interest, but the sentiment hasn't gone completely bonkers yet.
For this play, I’m not chasing the market price; I’ll set a limit order on the pullback to grab a few bucks, with a position size of 2%. If I’m wrong, I’ll just cut it. $OPEN #OPEN