$POL This wave surged 1.13% in just 15 minutes. Volume jumped straight to 6.6x, and the closing price hard-broke through the upper bound of the 20-candle range.
OI also rose alongside it—more importantly, 15-minute and 1-hour OI are lifting in sync. That suggests real, fresh leveraged long positions are coming in, not a fake spike from short covering. The active trading volume imbalance widened to 27.7%, with buy orders crushing through. With this kind of coordination, the breakout has a lot more gold content than a move that only pushes the price up.
That said, be mindful: the OI abnormal percentile has already reached 99.4%, ranking second in the whole pool. Chasing longs from here is basically licking the blade. When it’s rallying too fast, you need to stay alert—don’t get taught a lesson by a single big bearish candle.
OI also rose alongside it—more importantly, 15-minute and 1-hour OI are lifting in sync. That suggests real, fresh leveraged long positions are coming in, not a fake spike from short covering. The active trading volume imbalance widened to 27.7%, with buy orders crushing through. With this kind of coordination, the breakout has a lot more gold content than a move that only pushes the price up.
That said, be mindful: the OI abnormal percentile has already reached 99.4%, ranking second in the whole pool. Chasing longs from here is basically licking the blade. When it’s rallying too fast, you need to stay alert—don’t get taught a lesson by a single big bearish candle.