📋 Quick stats: $ELSA ｜Network-wide account long/short ratio 1.06｜Long 51.5% / Short 48.5%
· Definition: The network-wide account long/short ratio measures how many accounts are on each side, not which side has more money. The two often don't match.
· How to read it: Some people use the account long/short ratio as a contrarian indicator, but that's just an empirical interpretation, and it often fails.
Indicators can fail, but stop-losses shouldn't be absent: Decide in advance what you'll do if you're wrong—it's more important than whether your prediction is right.
#ELSA
· Definition: The network-wide account long/short ratio measures how many accounts are on each side, not which side has more money. The two often don't match.
· How to read it: Some people use the account long/short ratio as a contrarian indicator, but that's just an empirical interpretation, and it often fails.
Indicators can fail, but stop-losses shouldn't be absent: Decide in advance what you'll do if you're wrong—it's more important than whether your prediction is right.
#ELSA
