$CRV This order book looks a bit interesting.
I just triggered a relative breakout signal, but my first reaction wasn’t to chase longs—instead, it feels more like new leveraged short positions are entering. As price moves downward, OI is still pushing higher, which is very classic.
On the 15m chart, it fell 0.59%, and volume expanded to 4.2x. The aggressive trade ratio is -65.9%, with a buy/sell ratio of 0.21. This isn’t at the “hesitation” level anymore—this is someone up top dumping.
The closing price directly broke below the lower edge of the range of the last 20-plus 5m candlesticks. It broke on the spot—no dragging it out.
The OI abnormal percentile is 75.6%, ranking #18 in the whole pool; and the nominal change ranks #31. Several consecutive periods continue within abnormal zones. In the last 24h, the trading value is 14.9 million, and volume isn’t small, but on direction, the shorts are eating it up very decisively.
In plain terms: this breakout looks more like a breakdown to the downside, not a bullish start. If you have positions, think clearly about where to place your stop loss. If you don’t, before trying to bottom-fish, please weigh up who your opponent on the other side is.
I just triggered a relative breakout signal, but my first reaction wasn’t to chase longs—instead, it feels more like new leveraged short positions are entering. As price moves downward, OI is still pushing higher, which is very classic.
On the 15m chart, it fell 0.59%, and volume expanded to 4.2x. The aggressive trade ratio is -65.9%, with a buy/sell ratio of 0.21. This isn’t at the “hesitation” level anymore—this is someone up top dumping.
The closing price directly broke below the lower edge of the range of the last 20-plus 5m candlesticks. It broke on the spot—no dragging it out.
The OI abnormal percentile is 75.6%, ranking #18 in the whole pool; and the nominal change ranks #31. Several consecutive periods continue within abnormal zones. In the last 24h, the trading value is 14.9 million, and volume isn’t small, but on direction, the shorts are eating it up very decisively.
In plain terms: this breakout looks more like a breakdown to the downside, not a bullish start. If you have positions, think clearly about where to place your stop loss. If you don’t, before trying to bottom-fish, please weigh up who your opponent on the other side is.