$POL Price slightly increased by 0.16%, but the open interest reached 178 million, showing a typical divergence between volume and price. The current market indicates that the price increase lacks trading volume support, mainly driven by short squeezes under low liquidity or main force wash trading, rather than healthy buying interest.
🎯 Direction: Short position
Market logic suggests that the rally is unsustainable. High open interest combined with a slight increase indicates intense battle between bulls and bears, but the bulls lack strength. Price action shows hidden selling pressure above, and any false breakout could trigger a quick pullback. Entering at this point offers a poor risk-reward ratio; it is better to wait for open interest to decrease or for the price to show a clear directional signal.
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$POL Price slightly increased by 0.16%, but the open interest reached 178 million, showing a typical divergence between volume and price. The current market indicates that the price increase lacks trading volume support, mainly driven by short squeezes under low liquidity or main force wash trading, rather than healthy buying interest.
🎯 Direction: Short position
Market logic suggests that the rally is unsustainable. High open interest combined with a slight increase indicates intense battle between bulls and bears, but the bulls lack strength. Price action shows hidden selling pressure above, and any false breakout could trigger a quick pullback. Entering at this point offers a poor risk-reward ratio; it is better to wait for open interest to decrease or for the price to show a clear directional signal.