$G This pump is getting a bit too fast.
On the 15m chart it directly pushed through 7 points; the volume is up to 5.58x, with a Z value of 2.71—clearly not the kind of small-scale play retail traders do. The key is that OI is also rising along with it—on the 1h contracts are up 1.43%, the notional increased by nearly 3 million U, and the anomaly percentile is 92.9%, with the whole pool ranking at #13. Price is up, open interest is up—structurally it looks more like fresh leveraged longs coming in to push, not like a short-squeeze fueled by panicked selling.
The closing price just broke above the upper edge of the last ~20 consecutive 5m candles. In the past 24h, the traded value is over 400 million, and the depth is there. Active buy-vs-sell is only off by 2.3%, and the buy/sell ratio is 1.05. Buys are slightly dominant, but not out of control.
Whether to chase at this position depends on the individual. Once you break the boundary and volume-price are coordinated cleanly, it can look good—but if leverage builds up, the pullback won’t be gentle. I’ll throw this onto my watchlist and keep an eye on it first.
On the 15m chart it directly pushed through 7 points; the volume is up to 5.58x, with a Z value of 2.71—clearly not the kind of small-scale play retail traders do. The key is that OI is also rising along with it—on the 1h contracts are up 1.43%, the notional increased by nearly 3 million U, and the anomaly percentile is 92.9%, with the whole pool ranking at #13. Price is up, open interest is up—structurally it looks more like fresh leveraged longs coming in to push, not like a short-squeeze fueled by panicked selling.
The closing price just broke above the upper edge of the last ~20 consecutive 5m candles. In the past 24h, the traded value is over 400 million, and the depth is there. Active buy-vs-sell is only off by 2.3%, and the buy/sell ratio is 1.05. Buys are slightly dominant, but not out of control.
Whether to chase at this position depends on the individual. Once you break the boundary and volume-price are coordinated cleanly, it can look good—but if leverage builds up, the pullback won’t be gentle. I’ll throw this onto my watchlist and keep an eye on it first.
