$MAGMA This is a bit interesting.
In 15m, it directly surged by 1.59%, with volume hitting 3.76x. The proportion of active buy orders is clearly tilted toward buyers: buy/sell ratio 1.87. And the close even broke above the upper band of the last 20 5m candles.
More importantly, OI is rising in sync—15m +1.10%, 1h +1.43%. The abnormal percentile is close to 90%, ranking #13 across the whole pool. Price is up and positions are up as well; this isn’t a short panic sell-off. It looks like someone is adding leverage and charging in.
In the past 24h, turnover is 26M. The depth has been confirmed—volume and price are cooperating properly.
This kind of structure is either new long positions being pushed in, or someone having laid groundwork early. Anyway, I’ll keep watching it; whether to chase on a breakout is another question.
In 15m, it directly surged by 1.59%, with volume hitting 3.76x. The proportion of active buy orders is clearly tilted toward buyers: buy/sell ratio 1.87. And the close even broke above the upper band of the last 20 5m candles.
More importantly, OI is rising in sync—15m +1.10%, 1h +1.43%. The abnormal percentile is close to 90%, ranking #13 across the whole pool. Price is up and positions are up as well; this isn’t a short panic sell-off. It looks like someone is adding leverage and charging in.
In the past 24h, turnover is 26M. The depth has been confirmed—volume and price are cooperating properly.
This kind of structure is either new long positions being pushed in, or someone having laid groundwork early. Anyway, I’ll keep watching it; whether to chase on a breakout is another question.