This 15-minute JTO move was pretty decisive, with +1.23% directly breaking above the high of the last 20 five-minute candles. 📈
The key isn’t how much it rose, but how it rose — OI has been rising in sync on both the 15-minute and 1-hour timeframes, and the 1-hour nominal change is already close to +4.5%. Combined with a 28.5% active trading imbalance and a buy/sell ratio of 1.80, this wasn’t just retail randomly smashing the keyboard; it was genuine new leveraged longs entering the market.
What’s more, the abnormal OI percentile has already reached 95.8%, ranking #5 in the whole pool, and trading volume is 1.99x normal. In plain terms, if this level breaks out and shorts don’t run, they may be in for a rough ride.
That said, don’t get too carried away. It’s still not far from historical extremes, so anyone chasing higher should size their position carefully. This 19:14 candle at least shows one thing — someone is seriously going long on JTO. 🔥
The key isn’t how much it rose, but how it rose — OI has been rising in sync on both the 15-minute and 1-hour timeframes, and the 1-hour nominal change is already close to +4.5%. Combined with a 28.5% active trading imbalance and a buy/sell ratio of 1.80, this wasn’t just retail randomly smashing the keyboard; it was genuine new leveraged longs entering the market.
What’s more, the abnormal OI percentile has already reached 95.8%, ranking #5 in the whole pool, and trading volume is 1.99x normal. In plain terms, if this level breaks out and shorts don’t run, they may be in for a rough ride.
That said, don’t get too carried away. It’s still not far from historical extremes, so anyone chasing higher should size their position carefully. This 19:14 candle at least shows one thing — someone is seriously going long on JTO. 🔥