$INJ This one is a bit interesting.
In the 15m chart it directly pulled up 2.68%, with volume hitting 6.7 times the usual level; the buy/sell ratio of aggressive orders is 2.26—clearly, buy orders are pushing. But what’s weird is that OI is falling: 15m -0.74%, 1h -0.21%. Price is up while positions are decreasing—this is the classic short-covering script, not fresh long entries.
The closing price has just broken above the upper bound of the last 20 5m candles. The OI percentile is extremely high at 94.8%, and it ranks #12 across the whole pool. This kind of structure is either shorts being forced into a corner and squeezed further, or a one-wave move that’s done and then dissipates.
Whether you chase it is up to you—I just know that with a breakout showing volume-price divergence, those who run slow are more likely to end up catching the last baton.
In the 15m chart it directly pulled up 2.68%, with volume hitting 6.7 times the usual level; the buy/sell ratio of aggressive orders is 2.26—clearly, buy orders are pushing. But what’s weird is that OI is falling: 15m -0.74%, 1h -0.21%. Price is up while positions are decreasing—this is the classic short-covering script, not fresh long entries.
The closing price has just broken above the upper bound of the last 20 5m candles. The OI percentile is extremely high at 94.8%, and it ranks #12 across the whole pool. This kind of structure is either shorts being forced into a corner and squeezed further, or a one-wave move that’s done and then dissipates.
Whether you chase it is up to you—I just know that with a breakout showing volume-price divergence, those who run slow are more likely to end up catching the last baton.