🐋 For those watching the money flow, $EVAA : this 4-hour MACD golden cross (above the zero line) can be assessed alongside two things:
· Futures open interest: If open interest rises along with the golden cross, it usually means new long positions are entering; if open interest falls, the rise is usually driven by shorts closing.
· Funding rate: If it suddenly turns sharply positive, long positions chasing the move may be crowded, so watch out for a sharp wick in the opposite direction.
What confirmation are you waiting for before making a move?
· Futures open interest: If open interest rises along with the golden cross, it usually means new long positions are entering; if open interest falls, the rise is usually driven by shorts closing.
· Funding rate: If it suddenly turns sharply positive, long positions chasing the move may be crowded, so watch out for a sharp wick in the opposite direction.
What confirmation are you waiting for before making a move?
