$GTC ｜Funding rate: -0.197%｜Shorts pay
Before looking at your position, make sure you understand the funding rate.
Only those still holding a position at the moment of settlement pay or receive funding; positions closed before settlement are not involved.
Some people also view extreme funding rates as a contrarian signal, but there have been plenty of cases where prices continued moving in the same direction even after funding rates reached extremes.
Learning to read indicators is easy; the hard part is sticking to your plan when emotions are at their most intense.
#GTC
Before looking at your position, make sure you understand the funding rate.
Only those still holding a position at the moment of settlement pay or receive funding; positions closed before settlement are not involved.
Some people also view extreme funding rates as a contrarian signal, but there have been plenty of cases where prices continued moving in the same direction even after funding rates reached extremes.
Learning to read indicators is easy; the hard part is sticking to your plan when emotions are at their most intense.
#GTC