🐋 For those keeping an eye on capital flows, the 4-hour MACD golden cross (above the zero line) on $OGN can be assessed alongside two things:
· Open interest: If it rises after the golden cross, new positions are probably entering; if it falls, the rally is more likely driven by short covering.
· Funding rate: A sudden spike suggests longs are overheated, so watch out for a potential reversal.
Do you recognize this setup?
DYOR, and participate responsibly.
· Open interest: If it rises after the golden cross, new positions are probably entering; if it falls, the rally is more likely driven by short covering.
· Funding rate: A sudden spike suggests longs are overheated, so watch out for a potential reversal.
Do you recognize this setup?
DYOR, and participate responsibly.