🐋 For those keeping an eye on the money flow, $PUMP : this 4-hour MACD golden cross (below the zero line) is worth checking alongside two other things:
· Futures open interest: If open interest rises along with the golden cross, it could mean new positions are being opened; if it falls, the rebound is more likely driven by short covering.
· Funding rate: A sudden spike in the rate suggests longs are getting crowded, so watch out for a sharp move in the opposite direction.
If it were you, would you jump in or wait a little longer?
· Futures open interest: If open interest rises along with the golden cross, it could mean new positions are being opened; if it falls, the rebound is more likely driven by short covering.
· Funding rate: A sudden spike in the rate suggests longs are getting crowded, so watch out for a sharp move in the opposite direction.
If it were you, would you jump in or wait a little longer?