EDGE: A single 15m move up 1.42%, with volume directly exploding to 2.67x, and the price pushed through the upper bound of the range of the past nearly 20 five-minute K bars. Active trading is net buy-heavy (buy/sell ratio 2.12), but OI is still falling—more like shorts getting cornered rather than new longs piling in.
The funding rate is already at a high level. This kind of structure is prone to a quick top, followed by a pullback. Abnormal ranking for the whole pool is #17—one of the higher-quality unusual events recently. Watch to see if it can hold the breakout level; if it can’t, then it’s likely a fill-back (mean reversion) move. $EDGE
The funding rate is already at a high level. This kind of structure is prone to a quick top, followed by a pullback. Abnormal ranking for the whole pool is #17—one of the higher-quality unusual events recently. Watch to see if it can hold the breakout level; if it can’t, then it’s likely a fill-back (mean reversion) move. $EDGE