$SOXL #Contract Trading
Short Alert | SOXL Funding Rate Change
Current funding rate: +0.0434% (longs pay, shorts receive)
Previous funding rate: +0.0154% (longs pay, shorts receive)
Funding rate change: +0.0280%
Long funding costs continue to rise, indicating that longs are building positions
Market makers may be hunting long positions
Current price: 104.99
Trigger level: 103.54
Invalidation level: 114.44
Levels to watch: 98.6906 / 92.3912
Market signals: Current funding rate +0.0434% (longs pay, shorts receive) / Previous funding rate +0.0154% (longs pay, shorts receive) / Funding rate change +0.0280% / Long funding costs continue to rise, indicating that longs are building positions / Market makers may be hunting long positions
A sustained change in the funding rate indicates that positions are becoming skewed to one side. You can enter early and ride the move lower; the invalidation level is the stop-loss level.
Short Alert | SOXL Funding Rate Change
Current funding rate: +0.0434% (longs pay, shorts receive)
Previous funding rate: +0.0154% (longs pay, shorts receive)
Funding rate change: +0.0280%
Long funding costs continue to rise, indicating that longs are building positions
Market makers may be hunting long positions
Current price: 104.99
Trigger level: 103.54
Invalidation level: 114.44
Levels to watch: 98.6906 / 92.3912
Market signals: Current funding rate +0.0434% (longs pay, shorts receive) / Previous funding rate +0.0154% (longs pay, shorts receive) / Funding rate change +0.0280% / Long funding costs continue to rise, indicating that longs are building positions / Market makers may be hunting long positions
A sustained change in the funding rate indicates that positions are becoming skewed to one side. You can enter early and ride the move lower; the invalidation level is the stop-loss level.