$ACE perp funding rate is at -2.00% — already in extreme territory.
Such deep negative funding means too many shorts are still stubbornly holding on. If you're shorting the top, you need to factor in the funding cost clearly.
Price has pulled back from 0.37888 to 0.1981 — with a -6% daily range, don't go all-in on a gamble.
Shorting the top is fine, but don't ignore the time decay and slippage costs.
#ACE #PerpetualFutures #Gainers
Such deep negative funding means too many shorts are still stubbornly holding on. If you're shorting the top, you need to factor in the funding cost clearly.
Price has pulled back from 0.37888 to 0.1981 — with a -6% daily range, don't go all-in on a gamble.
Shorting the top is fine, but don't ignore the time decay and slippage costs.
#ACE #PerpetualFutures #Gainers