$VTHO This one pull has got something behind it—on the 15m it directly jumped +6.39%, with volume reaching 5.36x. The closing price broke above the upper trendline of the past ~20 5m candles.
But what’s interesting is that OI is declining—15m -0.98%, 1h -1.55%. Price is up while positions are down. Together with active buy pressure at 10.8% and buy/sell ratio of 1.24, this looks like classic short-covering rather than new longs being pushed in.
Out of the whole pool, it ranks #30 for abnormality, nominal change #24, and 24h trading value is 613M. If you chase into this kind of structure, be careful: a trend that gets pushed up by short covering can lose steam once the fuel burns out. First, see whether it can hold steady above the top of this range.
But what’s interesting is that OI is declining—15m -0.98%, 1h -1.55%. Price is up while positions are down. Together with active buy pressure at 10.8% and buy/sell ratio of 1.24, this looks like classic short-covering rather than new longs being pushed in.
Out of the whole pool, it ranks #30 for abnormality, nominal change #24, and 24h trading value is 613M. If you chase into this kind of structure, be careful: a trend that gets pushed up by short covering can lose steam once the fuel burns out. First, see whether it can hold steady above the top of this range.