TRIA is getting a bit interesting this time.
In just 15 minutes, it surged 1.84%; volume also rose in sync to 1.43x. The closing price firmly broke above the upper edge of the last 20 five-minute candles. The key is that open interest also went up: the 15-minute contract +0.92%, and the 1-hour +1.37%. This doesn’t look like the kind of fake rally propped up by dumping—it looks more like real, incremental leveraged longs entering the market.
The active trade gap is down 9.2%, with a buy/sell ratio of 1.20—buy orders are clearly dominant. Even more extreme: the OI percentile is as high as 96.8%, ranking third in the whole pool, and the nominal change is also within the top thirty. This kind of continuous depth confirmation across multiple cycles looks nothing like a move that spikes once and then disappears.
Of course, this level is already close to TRIA’s own historical extreme zone, so the risk of chasing is definitely there. But in terms of direction, longs do have the initiative. Now it’s just a matter of whether the subsequent volume can hold up.
#TRIA
In just 15 minutes, it surged 1.84%; volume also rose in sync to 1.43x. The closing price firmly broke above the upper edge of the last 20 five-minute candles. The key is that open interest also went up: the 15-minute contract +0.92%, and the 1-hour +1.37%. This doesn’t look like the kind of fake rally propped up by dumping—it looks more like real, incremental leveraged longs entering the market.
The active trade gap is down 9.2%, with a buy/sell ratio of 1.20—buy orders are clearly dominant. Even more extreme: the OI percentile is as high as 96.8%, ranking third in the whole pool, and the nominal change is also within the top thirty. This kind of continuous depth confirmation across multiple cycles looks nothing like a move that spikes once and then disappears.
Of course, this level is already close to TRIA’s own historical extreme zone, so the risk of chasing is definitely there. But in terms of direction, longs do have the initiative. Now it’s just a matter of whether the subsequent volume can hold up.
#TRIA