$AKE This breakout has something to it. In just 15 minutes it surged 3.82%. Trading volume hit 29 times the usual level, and even at the close it stubbornly pushed through the upper boundary of the last 20 five-minute candlesticks’ range.
What’s interesting, though: although it’s rallying hard, the order flow isn’t very strong. The aggressive buy/sell side shows “buying the weak and selling the strong,” with a difference of -7.1%. And the buy/sell ratio of 0.87 doesn’t really look like someone is urgently chasing the long.
OI is rising, but contract open interest is increasing by nearly 4% in nominal terms. The abnormal percentile has also jumped to 99%, placing it third in the whole pool. Out-of-market new capital is coming in even faster than in-market.
In one sentence: price is surging while open interest is piling up, but the proactive/initiative money on the order book hasn’t kept up. This kind of divergence likely means either the first phase of distribution (or “washing out”) is about to end, or short-term momentum is starting to fade. Keep an eye on whether someone is probing with entries above the range first—don’t get carried away just because it’s pumping.
Keep observing. $AKE
What’s interesting, though: although it’s rallying hard, the order flow isn’t very strong. The aggressive buy/sell side shows “buying the weak and selling the strong,” with a difference of -7.1%. And the buy/sell ratio of 0.87 doesn’t really look like someone is urgently chasing the long.
OI is rising, but contract open interest is increasing by nearly 4% in nominal terms. The abnormal percentile has also jumped to 99%, placing it third in the whole pool. Out-of-market new capital is coming in even faster than in-market.
In one sentence: price is surging while open interest is piling up, but the proactive/initiative money on the order book hasn’t kept up. This kind of divergence likely means either the first phase of distribution (or “washing out”) is about to end, or short-term momentum is starting to fade. Keep an eye on whether someone is probing with entries above the range first—don’t get carried away just because it’s pumping.
Keep observing. $AKE