🐋 For those watching the funds, $HOT this 4-hour MACD golden cross (below the zero axis) can be compared with two things:
· Open interest in contracts: if open interest rises after the golden cross, it is mostly new long positions entering; if open interest falls, the rise is more likely driven by short covering.
· Funding rate: if the rate suddenly climbs, it means the long-chasing positions are crowded, and you should instead watch out for a reverse move.
What signal are you waiting for before taking action?
#HOT
· Open interest in contracts: if open interest rises after the golden cross, it is mostly new long positions entering; if open interest falls, the rise is more likely driven by short covering.
· Funding rate: if the rate suddenly climbs, it means the long-chasing positions are crowded, and you should instead watch out for a reverse move.
What signal are you waiting for before taking action?
#HOT
