$RAYSOL 15m Broke below the lower bound of the recent 5m range of nearly 20 bars; the price fell 1.25%, volume/energy was 1.52x, active buy-sell ratio was 0.86, and selling pressure dominates.
But what’s interesting is that OI is also declining: both the 15m and 1h periods fell by 0.66% and 0.58%, nominally -247K. This doesn’t look like fresh shorts entering to smash the market; it feels more like longs de-leveraging—taking stops out or reducing position size.
The nominal change across the whole pool ranks #26, the abnormal percentile is 60%, and the 24h turnover is still 277 million.
With this kind of structure, I don’t really want to chase shorts. De-leveraging-style selloffs often lack follow-through, but I’m also not in a hurry to catch the move—I'll wait for the volume/energy to contract further before reassessing.
But what’s interesting is that OI is also declining: both the 15m and 1h periods fell by 0.66% and 0.58%, nominally -247K. This doesn’t look like fresh shorts entering to smash the market; it feels more like longs de-leveraging—taking stops out or reducing position size.
The nominal change across the whole pool ranks #26, the abnormal percentile is 60%, and the 24h turnover is still 277 million.
With this kind of structure, I don’t really want to chase shorts. De-leveraging-style selloffs often lack follow-through, but I’m also not in a hurry to catch the move—I'll wait for the volume/energy to contract further before reassessing.
