🐋 For those keeping an eye on fund flows, $QNT has just formed a daily MACD death cross (above the zero line). I’d suggest checking it alongside two other indicators:
· Futures open interest: If open interest rises after the death cross, it likely means new short positions are being opened. If it falls, the pullback is more likely due to longs exiting.
· Funding rate: A rapid drop in the rate suggests shorts are getting crowded, so watch out for a sudden wick in the opposite direction.
How would you trade it?
#QNT
This isn’t financial advice. Make your own trading decisions.
· Futures open interest: If open interest rises after the death cross, it likely means new short positions are being opened. If it falls, the pullback is more likely due to longs exiting.
· Funding rate: A rapid drop in the rate suggests shorts are getting crowded, so watch out for a sudden wick in the opposite direction.
How would you trade it?
#QNT
This isn’t financial advice. Make your own trading decisions.