$OP 15 minutes pulled up 1%, and volume instantly surged to 4x. That kind of strength is no joke.
The key is that open interest is also rising in sync, with both the 15-minute and 1-hour charts adding positions. This isn’t just a short squeeze-type fake pump. New leveraged longs are entering, and that gives it some real flavor.
Price has already broken above the upper edge of the last 20 five-minute candles, and it’s now ranked first in abnormality across the entire market, at the 99.2th percentile. At this kind of level, a breakout is where the story gets told.
But I like to pour a little cold water on it—at times like this, when attention is extremely high, you actually need to be wary of inertia thinking. The volume is there, and aggressive buying is clearly dominant, so the trend is indeed leaning bullish.
Still, if you really want to chase it, pay attention to timing. In a market with such an extreme distribution, a big flush can hit you at any moment.
Friendly reminder: don’t max out your leverage, leave yourself some room. $OP right now is a battleground, not a place for value investing.
The key is that open interest is also rising in sync, with both the 15-minute and 1-hour charts adding positions. This isn’t just a short squeeze-type fake pump. New leveraged longs are entering, and that gives it some real flavor.
Price has already broken above the upper edge of the last 20 five-minute candles, and it’s now ranked first in abnormality across the entire market, at the 99.2th percentile. At this kind of level, a breakout is where the story gets told.
But I like to pour a little cold water on it—at times like this, when attention is extremely high, you actually need to be wary of inertia thinking. The volume is there, and aggressive buying is clearly dominant, so the trend is indeed leaning bullish.
Still, if you really want to chase it, pay attention to timing. In a market with such an extreme distribution, a big flush can hit you at any moment.
Friendly reminder: don’t max out your leverage, leave yourself some room. $OP right now is a battleground, not a place for value investing.