When I analyze the price action, I notice the daily gap level. I will use this zone to trade.
I think the up move of the Coinbase premium index indicator is fake. I think the binary top is clearing the liquidity, so we move to the December low. The price will continue to rise if the move I show with the arrow takes place.
The open interest indicator looks positive. The price is making new highs and this is accompanied by Open interest.
I observe a decrease in funding rates. Rising open interest and falling funding rate tells us that people are opening Short positions. This is positive for the continuation of the uptrend.
Written by TraderOasis
