$SOXL #SOXL #Contract Trading
Long Alert | SOXL Funding Rate Change
Current funding rate -0.0183% (shorts pay and longs receive)
Previous funding rate +0.0000% (longs and shorts flat)
Funding rate change -0.0183%
Short funding keeps worsening, shorts are building positions
The market maker may hunt the shorts
Current price 150.47
Trigger level 154.10
Invalidation level 147.44
Observation levels 159.50 / 168.53
Market cues: Current funding rate -0.0183% (shorts pay and longs receive) / Previous funding rate +0.0000% (longs and shorts flat) / Funding rate change -0.0183% / Short funding keeps worsening, shorts are building positions / The market maker may hunt the shorts
Ongoing changes in the funding rate indicate positions are leaning to one side. You can set up early to follow the long; the invalidation level is the stop-loss level.
Long Alert | SOXL Funding Rate Change
Current funding rate -0.0183% (shorts pay and longs receive)
Previous funding rate +0.0000% (longs and shorts flat)
Funding rate change -0.0183%
Short funding keeps worsening, shorts are building positions
The market maker may hunt the shorts
Current price 150.47
Trigger level 154.10
Invalidation level 147.44
Observation levels 159.50 / 168.53
Market cues: Current funding rate -0.0183% (shorts pay and longs receive) / Previous funding rate +0.0000% (longs and shorts flat) / Funding rate change -0.0183% / Short funding keeps worsening, shorts are building positions / The market maker may hunt the shorts
Ongoing changes in the funding rate indicate positions are leaning to one side. You can set up early to follow the long; the invalidation level is the stop-loss level.