$WLD This move is a bit unreasonable.
It jumped 2.67% in just 15 minutes, trading volume was 6.8 times normal, and volatility Z shot above 4 — not something to take lightly.
More importantly — OI rose 4.3% in just 1 hour, with notional value increasing by over 8 million dollars. Positions and price were surging upward together. This is not the kind of fake pump caused by shorts getting forced to cover; it’s real new long positions entering the market. Futures open interest has reached the 99.8th percentile of abnormal levels, ranking first in the entire market.
On top of that, it broke above the upper edge of the consolidation range from the past 20 five-minute candles, with a buy/sell ratio of 1.15, meaning aggressive buying clearly had the edge.
A very textbook leveraged long breakout structure. 😤
But this position is already approaching an extreme historical zone, so don’t tell me you’re planning to go all in unless you want me to know you’re not.
It jumped 2.67% in just 15 minutes, trading volume was 6.8 times normal, and volatility Z shot above 4 — not something to take lightly.
More importantly — OI rose 4.3% in just 1 hour, with notional value increasing by over 8 million dollars. Positions and price were surging upward together. This is not the kind of fake pump caused by shorts getting forced to cover; it’s real new long positions entering the market. Futures open interest has reached the 99.8th percentile of abnormal levels, ranking first in the entire market.
On top of that, it broke above the upper edge of the consolidation range from the past 20 five-minute candles, with a buy/sell ratio of 1.15, meaning aggressive buying clearly had the edge.
A very textbook leveraged long breakout structure. 😤
But this position is already approaching an extreme historical zone, so don’t tell me you’re planning to go all in unless you want me to know you’re not.
