🐋 For those watching the money flow, $ZRO : this time, the daily MACD death cross (above the zero line) is best viewed alongside two other indicators:
· Open interest: If it rises along with the death cross, it usually means new short positions are opening; if it falls, the drop is more likely due to longs closing their positions.
· Funding rate: A sharply negative rate means short positions are getting crowded, so watch out for a sudden reversal wick.
Which direction are you more bullish on?
#ZRO
· Open interest: If it rises along with the death cross, it usually means new short positions are opening; if it falls, the drop is more likely due to longs closing their positions.
· Funding rate: A sharply negative rate means short positions are getting crowded, so watch out for a sudden reversal wick.
Which direction are you more bullish on?
#ZRO