$MON This rally has a little something interesting.
In 15 minutes, it’s up 0.86%, and volume has picked up as well. The traded volume is 1.5 times the norm, and the volatility Z hit 1.86. The key point is that the price broke above the upper edge of the range formed by the last ~20 five-minute K-lines, but OI is actually falling. The 15-minute contract is down 0.04%, and the 1-hour figure is also down, shrinking by 0.14%. This looks more like shorts covering than new longs entering.
The direction of aggressive trading is very clear: the buy/sell ratio is 2.99, and the difference in aggressive turnover is close to 50%. The funding rate is still currently high, which suggests the momentum-chasing sentiment remains, but be careful with the OI divergence.
For the whole pool, the abnormal percentile is 85.9%, ranking 16. Nominal change ranks 29, and the depth confirmation signals are all there—volume, breakout, aggressive bias, and funding rate in the high zone. If this move can hold the support after the breakout, it could extend for a bit. But don’t chase and take the high-end bag.#MON #contract
In 15 minutes, it’s up 0.86%, and volume has picked up as well. The traded volume is 1.5 times the norm, and the volatility Z hit 1.86. The key point is that the price broke above the upper edge of the range formed by the last ~20 five-minute K-lines, but OI is actually falling. The 15-minute contract is down 0.04%, and the 1-hour figure is also down, shrinking by 0.14%. This looks more like shorts covering than new longs entering.
The direction of aggressive trading is very clear: the buy/sell ratio is 2.99, and the difference in aggressive turnover is close to 50%. The funding rate is still currently high, which suggests the momentum-chasing sentiment remains, but be careful with the OI divergence.
For the whole pool, the abnormal percentile is 85.9%, ranking 16. Nominal change ranks 29, and the depth confirmation signals are all there—volume, breakout, aggressive bias, and funding rate in the high zone. If this move can hold the support after the breakout, it could extend for a bit. But don’t chase and take the high-end bag.#MON #contract