🧭 Data: $MAGIC ｜Overall account long/short ratio 0.75｜Long 43% / Short 57%
· Definition: This ratio only counts accounts trading Binance USDⓈ-M perpetual contracts. It reflects the preferences of these contract traders, not spot traders.
· How to read it: Extreme long/short ratios can persist for a long time. Going against the trend based on the ratio alone could be costly.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#MAGIC
Markets involve risk. Trade with caution.
· Definition: This ratio only counts accounts trading Binance USDⓈ-M perpetual contracts. It reflects the preferences of these contract traders, not spot traders.
· How to read it: Extreme long/short ratios can persist for a long time. Going against the trend based on the ratio alone could be costly.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#MAGIC
Markets involve risk. Trade with caution.