🐋 For those keeping an eye on money flows, $WLD : this 4-hour MACD golden cross below the zero line can be assessed alongside two things:
· Futures open interest: If open interest rises along with the golden cross, it likely means new long positions are entering; if it falls, the rally is more likely driven by short covering.
· Funding rate: If it quickly turns positive, that suggests long positions are getting crowded, so watch out for a sudden reversal wick.
Will the market shift direction later?
#WLD
Just for reference—trade at your own risk.
· Futures open interest: If open interest rises along with the golden cross, it likely means new long positions are entering; if it falls, the rally is more likely driven by short covering.
· Funding rate: If it quickly turns positive, that suggests long positions are getting crowded, so watch out for a sudden reversal wick.
Will the market shift direction later?
#WLD
Just for reference—trade at your own risk.