$VVV This move is kind of interesting on the 15m. The price is above the upper edge of the near 20 5m-band, with the aggressive buy orders leaning toward the move; the buy-sell ratio is 1.42, and volume is 1.44x. It looks like a breakout, but OI actually falls instead of rising.
With price up and positions down, this structure is basically either short covering or old longs exiting—it's not fresh longs piling in from below. The abnormality across the whole pool ranks at #8, and the nominal change is also earlier on; the 85.7% percentile suggests something truly moved, but the chip foundation isn't solid.
This is pretty awkward. If you chase, you're afraid it's just short covering finishing its burst and then going soft. If you don't chase, it's also indeed stuck right at the boundary of the range. The 24h turnover of 55M is just so-so; while the depth provides confirmation, there's no sustained position support.
Personally, I lean toward letting it move first, and then see whether a pullback can hold this upper edge. If it can't hold, it's a fake breakout that snaps back like a needle. Don't rush to go long; this kind of setup easily triggers a double squeeze on both sides.
With price up and positions down, this structure is basically either short covering or old longs exiting—it's not fresh longs piling in from below. The abnormality across the whole pool ranks at #8, and the nominal change is also earlier on; the 85.7% percentile suggests something truly moved, but the chip foundation isn't solid.
This is pretty awkward. If you chase, you're afraid it's just short covering finishing its burst and then going soft. If you don't chase, it's also indeed stuck right at the boundary of the range. The 24h turnover of 55M is just so-so; while the depth provides confirmation, there's no sustained position support.
Personally, I lean toward letting it move first, and then see whether a pullback can hold this upper edge. If it can't hold, it's a fake breakout that snaps back like a needle. Don't rush to go long; this kind of setup easily triggers a double squeeze on both sides.