$XAUT Today it dropped 0.73%. A few signals are worth watching
Current price 4,283.50, 24h -0.73%, trading volume 0.42B U。
Market signals:
· Large-holder long/short ratio 2.64, large-holders are leaning bullish
· Funding rate +0.0030%, longs are paying
My view: Large-holders are leaning bullish, and the funding rate is still positive, which suggests longs are getting a bit crowded— the cost-effectiveness of chasing longs is declining. It may be safer to look again on a pullback.
$XAUT What do you think? Let’s chat in the comments
#$XAUT #Market analysis
Current price 4,283.50, 24h -0.73%, trading volume 0.42B U。
Market signals:
· Large-holder long/short ratio 2.64, large-holders are leaning bullish
· Funding rate +0.0030%, longs are paying
My view: Large-holders are leaning bullish, and the funding rate is still positive, which suggests longs are getting a bit crowded— the cost-effectiveness of chasing longs is declining. It may be safer to look again on a pullback.
$XAUT What do you think? Let’s chat in the comments
#$XAUT #Market analysis