$MITO This 15m chart is kind of interesting. The price is down 1.27%, which isn’t big, but the active executed trades are worse at -40.1%, and the buy/sell ratio is 0.43. The sell pressure is clearly one-sided. More importantly, OI is falling—15m -0.1%, 1h -0.41%, and the nominal drop is over a hundred K. When the price drops while OI falls, it’s not like new shorts are being added; it looks more like longs are deleveraging and getting liquidation swept.
Just after the close, it broke below the lower bound of the recent 20 five-minute candles. Volume is 1.43x to go with it, Z-score is 2.44, and the depth is confirmed. The abnormal percentile is 83.9%, the whole pool is #9, and the nominal change ranks only #49—so the structure is strange, but the volume still hasn’t expanded. 24h trading value is 9.61M, and the pool itself is relatively shallow.
For this kind of setup, I’ll first look at the rebound strength. If it can’t get back above the lower bound, it’s weak consolidation—don’t rush to buy the dip.
Just after the close, it broke below the lower bound of the recent 20 five-minute candles. Volume is 1.43x to go with it, Z-score is 2.44, and the depth is confirmed. The abnormal percentile is 83.9%, the whole pool is #9, and the nominal change ranks only #49—so the structure is strange, but the volume still hasn’t expanded. 24h trading value is 9.61M, and the pool itself is relatively shallow.
For this kind of setup, I’ll first look at the rebound strength. If it can’t get back above the lower bound, it’s weak consolidation—don’t rush to buy the dip.