$MON This drop wasn’t that sharp, but the order-book details are pretty interesting.
On the 15-minute timeframe, it fell less than 1%, with volume rising to 1.6x, and price directly broke below the lower edge of the range formed by nearly 20 five-minute candlesticks. More noteworthy is that OI is rising, while notional positions have shrunk by 220K, and aggressive sell orders have a clear advantage — this isn’t a normal pullback, but more like new shorts entering to push prices down.
It ranks 18th in overall pool anomalies, and notional changes are also near the top, which suggests this move isn’t an isolated small-scale action. 24-hour trading volume has just exceeded 20 million U, so liquidity is still there, but the short-term direction is already very clear.
On the 15-minute timeframe, it fell less than 1%, with volume rising to 1.6x, and price directly broke below the lower edge of the range formed by nearly 20 five-minute candlesticks. More noteworthy is that OI is rising, while notional positions have shrunk by 220K, and aggressive sell orders have a clear advantage — this isn’t a normal pullback, but more like new shorts entering to push prices down.
It ranks 18th in overall pool anomalies, and notional changes are also near the top, which suggests this move isn’t an isolated small-scale action. 24-hour trading volume has just exceeded 20 million U, so liquidity is still there, but the short-term direction is already very clear.