🐋 For those watching capital flows, $RSR : you can compare the daily MACD golden cross (above the zero line) with two things:
· Open interest: If it rises along with the golden cross, new positions may be entering; if it falls, the rally is more likely driven by short covering.
· Funding rate: A sudden spike suggests long positions are overheated, so watch out for a sharp reversal wick.
Would you take action now, or wait a little longer?
#RSR
· Open interest: If it rises along with the golden cross, new positions may be entering; if it falls, the rally is more likely driven by short covering.
· Funding rate: A sudden spike suggests long positions are overheated, so watch out for a sharp reversal wick.
Would you take action now, or wait a little longer?
#RSR