$POWER This 15m move climbed 5 points; volume immediately surged to 2.38x. What’s interesting is that OI is still falling—15m -0.13%, 1h -0.63%.
Price is up, positions are down. This isn’t fresh longs entering; it looks more like shorts being forced to cover. Aggressive volume is down 5.4%, buy/sell ratio is 1.11—right at that sweet spot of “not too much, but enough to make shorts uncomfortable.”
The closing price broke above the upper edge of the last ~20 5m candles; the anomaly percentile is 93.3%, ranking #10 across the whole pool. 24h turnover is 83M, and the depth is there.
I generally don’t chase this kind of structure. It’s been rallying hard, but the “fuel” is shorts’ stop-loss orders, not real conviction from new longs. Wait until OI starts moving in the same direction as price again before deciding whether to jump in. At this point, it feels more like watching the show.
Price is up, positions are down. This isn’t fresh longs entering; it looks more like shorts being forced to cover. Aggressive volume is down 5.4%, buy/sell ratio is 1.11—right at that sweet spot of “not too much, but enough to make shorts uncomfortable.”
The closing price broke above the upper edge of the last ~20 5m candles; the anomaly percentile is 93.3%, ranking #10 across the whole pool. 24h turnover is 83M, and the depth is there.
I generally don’t chase this kind of structure. It’s been rallying hard, but the “fuel” is shorts’ stop-loss orders, not real conviction from new longs. Wait until OI starts moving in the same direction as price again before deciding whether to jump in. At this point, it feels more like watching the show.
