Focusing only on price can easily cause you to miss a lot of information. In $SKL 15 minutes of holding: +18.98% in position, and +8.9% in price. Seeing them together:
When positions increase and prices rise: new buyers are coming in.
When positions keep increasing, watch whether the funding rate is also rising. In this kind of market—would you dare to open a position?
#SKL
NFA, DYOR.
When positions increase and prices rise: new buyers are coming in.
When positions keep increasing, watch whether the funding rate is also rising. In this kind of market—would you dare to open a position?
#SKL
NFA, DYOR.