🐋 For those watching the money flows, $ENA : when the 4-hour MACD forms a golden cross below the zero line, it’s worth checking two other things:
· Futures open interest: If open interest rises after the golden cross, it likely means new long positions are entering; if it falls, the rise is more likely driven by shorts closing.
· Funding rate: A rapid increase suggests long positions are getting crowded, so watch out for a sharp move in the opposite direction.
What signals do you need before taking action?
· Futures open interest: If open interest rises after the golden cross, it likely means new long positions are entering; if it falls, the rise is more likely driven by shorts closing.
· Funding rate: A rapid increase suggests long positions are getting crowded, so watch out for a sharp move in the opposite direction.
What signals do you need before taking action?