$STEEM has something going on.
In 15m, it ran with a 2.2% rise, pushing volume straight to 3.25x. OI in one hour is up +11.37%. This isn’t the kind of scale you get from retail randomly tapping two buttons—there’s a strong feel of fresh leveraged longs pouring in. The 94.8th percentile of abnormality; the whole pool ranks #5. At a spot like this, either it’s a pre-launch shakeout, or it’s the opening move of a new trading leg.
Price has just chewed through nearly 20 of the 5m upper-channel highs. 24h turnover is 32M, and depth is there. The only thing that makes me frown is that aggressive trade volume is -3.3%, the buy/sell ratio is 0.94, and sell pressure is still present while it’s being pulled up. Whether the support can keep up depends on the next candle.
For an old coin to suddenly see volume like this, keep watching first—don’t jump to conclusions yet.
In 15m, it ran with a 2.2% rise, pushing volume straight to 3.25x. OI in one hour is up +11.37%. This isn’t the kind of scale you get from retail randomly tapping two buttons—there’s a strong feel of fresh leveraged longs pouring in. The 94.8th percentile of abnormality; the whole pool ranks #5. At a spot like this, either it’s a pre-launch shakeout, or it’s the opening move of a new trading leg.
Price has just chewed through nearly 20 of the 5m upper-channel highs. 24h turnover is 32M, and depth is there. The only thing that makes me frown is that aggressive trade volume is -3.3%, the buy/sell ratio is 0.94, and sell pressure is still present while it’s being pulled up. Whether the support can keep up depends on the next candle.
For an old coin to suddenly see volume like this, keep watching first—don’t jump to conclusions yet.
