This 15-minute candle on $FLOCK shot up by 8.67%, with volume coming in at 6.86 times the usual. Honestly, I haven’t seen such a clean breakout in a long time. The price directly punched through the upper edge of nearly 20 K-lines, and when it closed above that level, I knew this move was serious.
The futures side is even more interesting. Open interest on the 1-hour timeframe rose by 4.33%, with $1.37M in notional value added, and the 15-minute timeframe was also seeing synchronized position increases. This kind of rising price, rising volume, and increasing OI is a classic sign of new leveraged longs entering the market, not just a fake pump from short covering. Intraday aggressive buying was clearly dominant, with a buy-sell ratio of 1.19 and an active trading imbalance of 8.7%. The bulls are really stepping in, not just talking.
Right now, the price is already approaching its historical extreme range, and for several consecutive periods it has been ranking near the top of the pool-wide anomaly list. 24-hour trading volume has reached $140M, making this asset a clear focal point in the pool. I’m not saying to chase it immediately, but if you don’t already hold any, at least keep a close eye on this level. If it pulls back and confirms support, that could be a better entry point.
The futures side is even more interesting. Open interest on the 1-hour timeframe rose by 4.33%, with $1.37M in notional value added, and the 15-minute timeframe was also seeing synchronized position increases. This kind of rising price, rising volume, and increasing OI is a classic sign of new leveraged longs entering the market, not just a fake pump from short covering. Intraday aggressive buying was clearly dominant, with a buy-sell ratio of 1.19 and an active trading imbalance of 8.7%. The bulls are really stepping in, not just talking.
Right now, the price is already approaching its historical extreme range, and for several consecutive periods it has been ranking near the top of the pool-wide anomaly list. 24-hour trading volume has reached $140M, making this asset a clear focal point in the pool. I’m not saying to chase it immediately, but if you don’t already hold any, at least keep a close eye on this level. If it pulls back and confirms support, that could be a better entry point.