Looking only at candlestick charts makes it easy to miss a lot of information. $IOTX 1 Hourly open positions +14.79%, price +3.94%. Compare them together:
Open positions up, price up: new longs are actively entering.
If open positions keep piling up higher and higher, watch whether the funding rate is also moving toward extremes at the same time. Which side do you think, longs or shorts, will break first later?
#IOTX
Open positions up, price up: new longs are actively entering.
If open positions keep piling up higher and higher, watch whether the funding rate is also moving toward extremes at the same time. Which side do you think, longs or shorts, will break first later?
#IOTX