$ON This wave has some substance.
In 15 minutes it rose 1.73%, and volume expanded to nearly twice. The closing price directly broke above the upper edge of the range formed by the last 20 five-minute K-lines. On the surface it looks like a breakout, but if you look closely at the data, contract open interest actually decreased slightly—this is more like a rebound driven by short-covering, not new capital rushing in.
The active trade volume gap is 10.9%—the bids really are stronger, with buy/sell at 1.24, and near-term sentiment is bullish. The change in OI notional has reached the top of the pool at #53, with an abnormal percentile of 86.7%. In this kind of position, it’s either warming up before an acceleration or the final push at the end of the move.
In the past 24 hours, turnover is only 16.5M; the float isn’t large. For high-volatility products, fast in and fast out is the right mindset. Don’t chase—wait for a pullback, then look for your entry. $ON
In 15 minutes it rose 1.73%, and volume expanded to nearly twice. The closing price directly broke above the upper edge of the range formed by the last 20 five-minute K-lines. On the surface it looks like a breakout, but if you look closely at the data, contract open interest actually decreased slightly—this is more like a rebound driven by short-covering, not new capital rushing in.
The active trade volume gap is 10.9%—the bids really are stronger, with buy/sell at 1.24, and near-term sentiment is bullish. The change in OI notional has reached the top of the pool at #53, with an abnormal percentile of 86.7%. In this kind of position, it’s either warming up before an acceleration or the final push at the end of the move.
In the past 24 hours, turnover is only 16.5M; the float isn’t large. For high-volatility products, fast in and fast out is the right mindset. Don’t chase—wait for a pullback, then look for your entry. $ON