LIT, this pullback has something.
15m directly breaks through the upper edge of nearly 20 consecutive 5m K candles. Volume is 1.76x, and the wave volatility Z also reached 1.74—this isn’t the kind of low-volume fake breakout. More importantly, open interest (OI) is rising in sync. On both the 15m and 1h charts, OI is increasing, and the nominal change ranks it directly into the top ten in the whole pool. This structure of “price rising + positions increasing” looks more like new leveraged longs are entering in succession, not like old longs are merely trying to rescue themselves.
That said, keep your guard up: the proactive trade imbalance is -14.9%, and the buy-side main force doesn’t look that resolute. If you’re chasing highs in the short term, be careful that your emotions don’t run too hot.
Right now, the abnormal percentile of OI has surged to 97.6%, ranking sixth in the entire pool. That indicates this trade has entered an “extreme-range” contest. Those holding can continue to bet on momentum, but if you’re opening a new position, weigh it carefully—entering and exiting here will depend heavily on the mood of the market.
15m directly breaks through the upper edge of nearly 20 consecutive 5m K candles. Volume is 1.76x, and the wave volatility Z also reached 1.74—this isn’t the kind of low-volume fake breakout. More importantly, open interest (OI) is rising in sync. On both the 15m and 1h charts, OI is increasing, and the nominal change ranks it directly into the top ten in the whole pool. This structure of “price rising + positions increasing” looks more like new leveraged longs are entering in succession, not like old longs are merely trying to rescue themselves.
That said, keep your guard up: the proactive trade imbalance is -14.9%, and the buy-side main force doesn’t look that resolute. If you’re chasing highs in the short term, be careful that your emotions don’t run too hot.
Right now, the abnormal percentile of OI has surged to 97.6%, ranking sixth in the entire pool. That indicates this trade has entered an “extreme-range” contest. Those holding can continue to bet on momentum, but if you’re opening a new position, weigh it carefully—entering and exiting here will depend heavily on the mood of the market.
