$POWER This 15m move dropped nearly 7 points, but the OI is also syncing lower—not a new short entry, more like the long side stepping on itself.
The aggressive buy/sell is 0.72; the sell pressure is dominant. The price is also getting pinned at the boundary of the range, so the stop-loss orders were probably swept in a bunch.
The OI abnormal percentile is 97.8%, ranking third in the entire pool, and the notional change is also not small. With this de-leveraging structure, let's wait until the OI stabilizes. Catching the falling knife right now is likely to hurt your hands.
The aggressive buy/sell is 0.72; the sell pressure is dominant. The price is also getting pinned at the boundary of the range, so the stop-loss orders were probably swept in a bunch.
The OI abnormal percentile is 97.8%, ranking third in the entire pool, and the notional change is also not small. With this de-leveraging structure, let's wait until the OI stabilizes. Catching the falling knife right now is likely to hurt your hands.