Only looking at candlesticks makes it easy to miss a lot of information. Over $AVA 15 minutes, positions held +4.17%, price +4.97%. Compare them side by side:
Positions increase, price rises: new longs are entering.
As positions keep building up, watch whether the funding rate also keeps rising. How would you choose, long or short?
Positions increase, price rises: new longs are entering.
As positions keep building up, watch whether the funding rate also keeps rising. How would you choose, long or short?