$Q This wave gained more than 5 points in 15 minutes, and the trading volume surged to 8.4 times the normal level. It is clearly not something retail traders could have caused.
Looking at the order book details, OI rose in sync but the increase was not too large, which looks more like fresh leveraged longs entering rather than pure short covering. Active trading was 14.4% lower, and the buy side clearly had the advantage. From a capital flow perspective, this is a relatively comfortable setup.
The price has already broken above the upper range of the last 20 candles. Based on historical ranges, it is currently in a rather aggressive position. Among the entire pool, it ranks 5th in anomaly score, and the nominal change also made it into the top 15. This combination of data is worth watching for continued momentum.
Don't chase too aggressively, but sentiment and volume are both there. See whether a pullback can hold above the breakout level.
Looking at the order book details, OI rose in sync but the increase was not too large, which looks more like fresh leveraged longs entering rather than pure short covering. Active trading was 14.4% lower, and the buy side clearly had the advantage. From a capital flow perspective, this is a relatively comfortable setup.
The price has already broken above the upper range of the last 20 candles. Based on historical ranges, it is currently in a rather aggressive position. Among the entire pool, it ranks 5th in anomaly score, and the nominal change also made it into the top 15. This combination of data is worth watching for continued momentum.
Don't chase too aggressively, but sentiment and volume are both there. See whether a pullback can hold above the breakout level.
