Hello Kings.
So we are back in to chop-land and funding rates ping-pong.
Effectively, I m not bullish WHILE we don't reclaim above 19.4-19.9 range and ideally funding rates weighted by open interested also turn negative OR we revisit that lower range.
While that doesn't happen I am waiting to see the test of 17.5-18k range since the orderbooks show strong demand in that region.
Watch the full for more details and nuanced explanations what heuristics I am looking for.
If you like this video don't forget to hit that like/rocket and follow.
So we are back in to chop-land and funding rates ping-pong.
Effectively, I m not bullish WHILE we don't reclaim above 19.4-19.9 range and ideally funding rates weighted by open interested also turn negative OR we revisit that lower range.
While that doesn't happen I am waiting to see the test of 17.5-18k range since the orderbooks show strong demand in that region.
Watch the full for more details and nuanced explanations what heuristics I am looking for.
If you like this video don't forget to hit that like/rocket and follow.
D7R