$SOXL #Contract Trading
Short Signal | SOXL Funding Rate Change
Current funding rate +0.0000% (longs and shorts are even)
Previous funding rate -0.0250% (shorts pay, longs receive)
Funding rate change +0.0250%
The funding rate paid by longs continues to rise, indicating that longs are building positions
Market makers may be hunting longs
Current price 45.9500
Trigger level 45.2200
Invalidation level 47.1683
Watch levels 43.1930 / 40.4360
Market clues: Current funding rate +0.0000% (longs and shorts are even) / Previous funding rate -0.0250% (shorts pay, longs receive) / Funding rate change +0.0250% / The funding rate paid by longs continues to rise, indicating that longs are building positions / Market makers may be hunting longs
A sustained change in the funding rate indicates that positions are leaning to one side. You can position yourself early to follow the move short; the invalidation level is the stop-loss level.
Short Signal | SOXL Funding Rate Change
Current funding rate +0.0000% (longs and shorts are even)
Previous funding rate -0.0250% (shorts pay, longs receive)
Funding rate change +0.0250%
The funding rate paid by longs continues to rise, indicating that longs are building positions
Market makers may be hunting longs
Current price 45.9500
Trigger level 45.2200
Invalidation level 47.1683
Watch levels 43.1930 / 40.4360
Market clues: Current funding rate +0.0000% (longs and shorts are even) / Previous funding rate -0.0250% (shorts pay, longs receive) / Funding rate change +0.0250% / The funding rate paid by longs continues to rise, indicating that longs are building positions / Market makers may be hunting longs
A sustained change in the funding rate indicates that positions are leaning to one side. You can position yourself early to follow the move short; the invalidation level is the stop-loss level.