๐ If you track capital flows, $WLD โs 4-hour MACD golden cross (below the zero line) is worth checking alongside two other indicators:
ยท Open interest: If it rises along with the golden cross, new positions are probably entering the market; if it falls, the rally is more likely driven by short covering.
ยท Funding rate: If it suddenly turns positive, long positions may be overheated, so watch out for a potential reversal.
Which direction are you more bullish on?
ยท Open interest: If it rises along with the golden cross, new positions are probably entering the market; if it falls, the rally is more likely driven by short covering.
ยท Funding rate: If it suddenly turns positive, long positions may be overheated, so watch out for a potential reversal.
Which direction are you more bullish on?