$ACE Is a long position here in ACE worth it? The answer is absolutely not. Reasons:
Positive funding rate (0.05%).
Too many longs, so liquidations will hit the longs.
The market is in a downtrend channel.
Option: buy spot and see what happens.
Option: wait for an uptrend channel or stability in the coin to be confirmed.
Positive funding rate (0.05%).
Too many longs, so liquidations will hit the longs.
The market is in a downtrend channel.
Option: buy spot and see what happens.
Option: wait for an uptrend channel or stability in the coin to be confirmed.