$ONG These 15-minute candlesticks are really interesting—price pushed up nearly 3%. The key is that OI was also pushing up in sync. In the 1-hour contracts, open interest directly added 4.1%, and the notional change came out to 700k USD. This kind of rally combined with increasing positions usually means real new longs are actually entering the market—not a fake pump meant to lure people in.
Also, the aggressive trades gap is down 11.7%, and the buy/sell ratio comes to 1.26. Buyers are clearly in the dominant position; it’s not the typical scared, one-sided flow. Even though the volatility is only 1.96, with OG’s size and volume, this kind of volume spread is still pretty telling. Right now, the abnormal inflow in the whole pool is ranked 7th, and it’s been hovering near the front for several consecutive cycles. Most likely, there’s some story-driven capital pushing in.
But having said that, the price increase isn’t that big—OI is quite fierce instead. It feels strongly like a leveraged-long setup. Don’t let your head get hot and chase blindly. Keep proper control of your own position. Once this structure gets washed out, it can make you question everything. Watch whether the 15-minute volume can keep expanding and sustaining. If it can’t keep up, hold back.
Also, the aggressive trades gap is down 11.7%, and the buy/sell ratio comes to 1.26. Buyers are clearly in the dominant position; it’s not the typical scared, one-sided flow. Even though the volatility is only 1.96, with OG’s size and volume, this kind of volume spread is still pretty telling. Right now, the abnormal inflow in the whole pool is ranked 7th, and it’s been hovering near the front for several consecutive cycles. Most likely, there’s some story-driven capital pushing in.
But having said that, the price increase isn’t that big—OI is quite fierce instead. It feels strongly like a leveraged-long setup. Don’t let your head get hot and chase blindly. Keep proper control of your own position. Once this structure gets washed out, it can make you question everything. Watch whether the 15-minute volume can keep expanding and sustaining. If it can’t keep up, hold back.
