🐋 For those tracking the money, $ONE : with this daily MACD golden cross (below the zero line), it’s worth checking two things:
· Futures open interest: If open interest rises along with the golden cross, new positions may be entering; if it falls, the rebound is more likely driven by shorts closing.
· Funding rate: If it suddenly climbs, long positions may be getting crowded, so watch out for a sharp wick in the opposite direction.
Sum up your current take in one word?
· Futures open interest: If open interest rises along with the golden cross, new positions may be entering; if it falls, the rebound is more likely driven by shorts closing.
· Funding rate: If it suddenly climbs, long positions may be getting crowded, so watch out for a sharp wick in the opposite direction.
Sum up your current take in one word?