$LSK Shorts are paying longs: funding rate -0.748%, the lowest in the entire market.
My take: short positions are crowded, and the cost of holding them is still accumulating. Open interest is up 1.08% in 1 hour, and the top-trader long/short ratio is 1.52.
0.207205 above (15m structure level · tested 2 times) is the nearest resistance, while 0.202309 below (15m structure level · tested 13 times) is the nearest support. If positions on the crowded side are reduced all at once, the price is more likely to move in the direction of deleveraging.
#LSK #Cryptocurrency
A top-ranked funding rate doesn't mean an immediate reversal. What do you think?
My take: short positions are crowded, and the cost of holding them is still accumulating. Open interest is up 1.08% in 1 hour, and the top-trader long/short ratio is 1.52.
0.207205 above (15m structure level · tested 2 times) is the nearest resistance, while 0.202309 below (15m structure level · tested 13 times) is the nearest support. If positions on the crowded side are reduced all at once, the price is more likely to move in the direction of deleveraging.
#LSK #Cryptocurrency
A top-ranked funding rate doesn't mean an immediate reversal. What do you think?
