$POL This rally is kind of interesting. In just 15 minutes it already pushed up 3.69%, and OI followed with nearly a 2% increase. On the 1-hour timeframe it has even accumulated over +5%—a typical leveraged long build. This isn’t a fake pop from short covering; it’s real leverage long positions coming in and stacking.
The key point is that OI’s percentile is down at an abnormal level of 97.8%. It ranks 5th in the whole pool, and the nominal change is also within the top 15. This isn’t small-time activity. Plus the current price is already very close to its historical extreme range. And even after getting to this area, longs are still continuing to add. That suggests they’re genuinely determined to press lower rather than just testing and running.
The active trade volume is down 4.7%, the buy/sell ratio is 1.10. The bid side is slightly stronger, but not extremely so—it may not be at the most疯狂 stage yet. Anyway, at this level I’d rather watch it surge and then pull back than bet that it will top out immediately. Until the trend clearly plays out, following the strength is more reliable than trying to guess a reversal.
The key point is that OI’s percentile is down at an abnormal level of 97.8%. It ranks 5th in the whole pool, and the nominal change is also within the top 15. This isn’t small-time activity. Plus the current price is already very close to its historical extreme range. And even after getting to this area, longs are still continuing to add. That suggests they’re genuinely determined to press lower rather than just testing and running.
The active trade volume is down 4.7%, the buy/sell ratio is 1.10. The bid side is slightly stronger, but not extremely so—it may not be at the most疯狂 stage yet. Anyway, at this level I’d rather watch it surge and then pull back than bet that it will top out immediately. Until the trend clearly plays out, following the strength is more reliable than trying to guess a reversal.