$VVV This move is quite decisive—at 15m it directly gained +2.59%. The volume hit 3.38x, and the closing price broke above the upper edge of the past ~20 5m candles.
But interestingly, OI is falling—15m -1.04%, 1h -1.87%. As price rises, positions are reduced, which is a typical short-covering tape. The buy/sell ratio is 1.37, and the active trade volume is +15.6%—suggesting someone is actively pushing upward.
The pool’s abnormal percentile is 91.1%; abnormal #10 and nominal #15. Multiple consecutive periods are continuing, not the kind of one-needle spike that’s over immediately. 24h turnover is 68M, so liquidity is sufficient.
With this kind of structure, I’m not very comfortable chasing longs. In a short-covering-driven trend, if the buy-side support can’t keep up, it’s easy for the move to die out. But if OI keeps falling and price continues pushing higher, then it means the shorts are getting squeezed and are likely feeling increasingly uncomfortable. In that case, you can watch whether there’s new positioning coming in to take over.
But interestingly, OI is falling—15m -1.04%, 1h -1.87%. As price rises, positions are reduced, which is a typical short-covering tape. The buy/sell ratio is 1.37, and the active trade volume is +15.6%—suggesting someone is actively pushing upward.
The pool’s abnormal percentile is 91.1%; abnormal #10 and nominal #15. Multiple consecutive periods are continuing, not the kind of one-needle spike that’s over immediately. 24h turnover is 68M, so liquidity is sufficient.
With this kind of structure, I’m not very comfortable chasing longs. In a short-covering-driven trend, if the buy-side support can’t keep up, it’s easy for the move to die out. But if OI keeps falling and price continues pushing higher, then it means the shorts are getting squeezed and are likely feeling increasingly uncomfortable. In that case, you can watch whether there’s new positioning coming in to take over.
