$H This 15-minute move dropped straight 4%—and volume surged to 5 times the usual.
Honestly, looking at this data is a bit hard to take—price being pushed down while OI keeps climbing. This is the classic setup of incremental short sellers entering, not just a simple pullback. The closing price has broken through the lower bound of the range on the last 20 five-minute K-lines. Selling pressure clearly dominates, and the bids basically have no resistance.
Even more extreme: the OI abnormal percentile directly hit 100%, ranking 2nd in the entire pool. This level isn’t something to take lightly. Over the past 24 hours there’s only a bit over 7 million in trading volume— the market isn’t huge, but the volatility is vicious. With just a little capital, you could flip the table.
At this point, chasing shorts has meat on the bone, but the risk is also high; trying to bottom-fish requires even more caution. Either way, I’m going to wait and see. With this kind of extreme data, once the direction becomes clear, it could be just a single big bullish/bearish candle. What do you all think?
Honestly, looking at this data is a bit hard to take—price being pushed down while OI keeps climbing. This is the classic setup of incremental short sellers entering, not just a simple pullback. The closing price has broken through the lower bound of the range on the last 20 five-minute K-lines. Selling pressure clearly dominates, and the bids basically have no resistance.
Even more extreme: the OI abnormal percentile directly hit 100%, ranking 2nd in the entire pool. This level isn’t something to take lightly. Over the past 24 hours there’s only a bit over 7 million in trading volume— the market isn’t huge, but the volatility is vicious. With just a little capital, you could flip the table.
At this point, chasing shorts has meat on the bone, but the risk is also high; trying to bottom-fish requires even more caution. Either way, I’m going to wait and see. With this kind of extreme data, once the direction becomes clear, it could be just a single big bullish/bearish candle. What do you all think?