#FARTCOIN This trading strategy has some substance. I was deceived yesterday, but fortunately, I was waiting for right-side trading and did not enter the market.

Mistake: There were all large bearish candles on the 4H chart, and while the price was falling, the open interest increased, so I assumed it was a short entry without checking the 1H structure.

If I switch to the 1H chart, I find that there were consistent declines followed by a reversal candle. If it were a short entry, there wouldn't be a reversal candle because the shorts would accelerate the selling pressure.

Therefore, the correct logic here could be:

1. Bulls counter-trend buying: Retail traders or institutions believe the price is oversold, buying at each dip, forming support, which leads to an increase in open interest as both long and short positions are opened simultaneously.

2. Major players gradually shorting: Large funds build positions slowly to avoid a price crash while attracting retail traders to buy the dip, maintaining high open interest.

Specific logic chain:

Shorts open positions to suppress the price → Price falls.

Falls to a key level (such as a support line or psychological level) → Bulls see good value and enter the market → Price rebounds (bullish candle).

Shorts continue to add to their positions → Open interest continues to rise, but the price fails to decline smoothly due to the tug-of-war between bulls and bears.

Final result: The price declines in a stepwise manner, and open interest remains high.