$ESP This rebound/upsurge has something going on 👀
In just 15 minutes it shot up 1.27%, and the volume expanded by 3.45 times—this is not a kind of move retail traders could smash out. OI also caught up: contract open interest is up 1 hour+ at +1.09%, and the newly added notional value is close to 180k (U). This is a typical leveraged long entering the market, not that kind of artificial uptick from short covering.
Plus, the candlestick pattern is pretty solid: it closed by breaking above the upper edge of the most recent 20 five-minute candles. The ratio of aggressive buy orders is 8%, the buy/sell ratio is 1.17—funds are pushing with real money. The OI abnormal percentile is up to 98.2%, ranking fifth in the whole pool. In positions that extreme, it either continues to explode or becomes a trap—but at least for now the price action has been deepening confirmation cycle after cycle.
The total trading value over 24 hours is only 8.77M (U), and the float isn’t that big; yet at this size level it can still squeeze out this magnitude of abnormal movement, which suggests someone is actually doing the work seriously.
Anyway, I’m keeping an eye on it. This kind of structure with volume/price rising together and OI continuously diverging—either it’s the start of a trend, or it’s the prelude to an upcoming volume surge. $ESP , you decide for yourself. I’m not here to issue trading calls—I’m just describing what I’m seeing.
In just 15 minutes it shot up 1.27%, and the volume expanded by 3.45 times—this is not a kind of move retail traders could smash out. OI also caught up: contract open interest is up 1 hour+ at +1.09%, and the newly added notional value is close to 180k (U). This is a typical leveraged long entering the market, not that kind of artificial uptick from short covering.
Plus, the candlestick pattern is pretty solid: it closed by breaking above the upper edge of the most recent 20 five-minute candles. The ratio of aggressive buy orders is 8%, the buy/sell ratio is 1.17—funds are pushing with real money. The OI abnormal percentile is up to 98.2%, ranking fifth in the whole pool. In positions that extreme, it either continues to explode or becomes a trap—but at least for now the price action has been deepening confirmation cycle after cycle.
The total trading value over 24 hours is only 8.77M (U), and the float isn’t that big; yet at this size level it can still squeeze out this magnitude of abnormal movement, which suggests someone is actually doing the work seriously.
Anyway, I’m keeping an eye on it. This kind of structure with volume/price rising together and OI continuously diverging—either it’s the start of a trend, or it’s the prelude to an upcoming volume surge. $ESP , you decide for yourself. I’m not here to issue trading calls—I’m just describing what I’m seeing.