I am new to crypto trading and I am interested in using MEXC's perpetual contract funding history for trend analysis. I am hoping to get some advice from experienced traders.
I have read that MEXC's perpetual contracts are a type of derivative instrument that has a fixed expiry date and is margined in a separate account. I understand that the funding history for these contracts can be used to analyze market trends, but I'm not sure how to go about doing this. What specific data points should I be looking at, and how can I use them to draw conclusions about market trends? I would also be interested to know if there are any tools or software programs available to help with this.
I would greatly appreciate any advice or information that experienced traders can provide.
I have read that MEXC's perpetual contracts are a type of derivative instrument that has a fixed expiry date and is margined in a separate account. I understand that the funding history for these contracts can be used to analyze market trends, but I'm not sure how to go about doing this. What specific data points should I be looking at, and how can I use them to draw conclusions about market trends? I would also be interested to know if there are any tools or software programs available to help with this.
I would greatly appreciate any advice or information that experienced traders can provide.