🐋 For those watching the money flow, $UNI : with this 4-hour MACD death cross (above the zero line), I’d suggest checking two things:
· Contract open interest: If open interest rises alongside the death cross, it may mean new short positions are entering; if it falls, the pullback is more likely due to longs closing their positions.
· Funding rate: A rapid move into negative territory suggests short positions are getting crowded, so watch out for a reversal.
What do you think?
#UNI
For reference only. Make your own trading decisions.
· Contract open interest: If open interest rises alongside the death cross, it may mean new short positions are entering; if it falls, the pullback is more likely due to longs closing their positions.
· Funding rate: A rapid move into negative territory suggests short positions are getting crowded, so watch out for a reversal.
What do you think?
#UNI
For reference only. Make your own trading decisions.
