🐋 For those of you watching the money flow, $UNI : this daily MACD death cross (below the zero line) can be viewed alongside two other indicators:
· Futures open interest: If open interest rises after the death cross, it probably means new short positions are opening; if it falls, the decline is probably due to longs closing their positions.
· Funding rate: A rapid drop in the rate suggests shorts are piling in—ironically, that’s when you should watch out for a sharp reversal wick.
Would you chase it or wait?
#UNI
· Futures open interest: If open interest rises after the death cross, it probably means new short positions are opening; if it falls, the decline is probably due to longs closing their positions.
· Funding rate: A rapid drop in the rate suggests shorts are piling in—ironically, that’s when you should watch out for a sharp reversal wick.
Would you chase it or wait?
#UNI
