๐งพ Here's a set of figures: $ETH The network-wide account long/short ratio is 2.60, and the 24h price change is -0.75%.
Prices are falling, yet longs still outnumber shorts. Many traders are buying the dip or holding onto losing long positions, so watch out for stop-losses on longs triggering another drop.
Sentiment is a lagging indicator, so don't rely on it too much. Anyone knowledgeable care to weigh in?
#ETH
Prices are falling, yet longs still outnumber shorts. Many traders are buying the dip or holding onto losing long positions, so watch out for stop-losses on longs triggering another drop.
Sentiment is a lagging indicator, so don't rely on it too much. Anyone knowledgeable care to weigh in?
#ETH