$MYX In the morning, this move has something.
In 15m, it surged 1.88%, and the trading volume immediately hit 2x the usual level. The price broke through while hugging the upper boundary of nearly 20 consecutive 5m candles. The OI is even more interesting: in 1h, it increased by 4.76%, notional +780k U; in 15m it also added 370k U. The percentile is abnormal at 91%, and among the whole pool the notional change ranks 37.
Price is up, OI is up—this is the classic structure of newly added leveraged long positions, not the kind of “short covering” that’s kind of fake.
But the aggressive (taker) volume is -3.4%, and the buy-sell ratio is 0.93. The aggressive buy side didn’t quite keep up; during the pump it was more passive. In the past 24h, trading value is 137M U, and the depth is sufficient. Now it depends on whether anyone is willing to keep relaying at this level.
The boundary was just broken, volume was delivered, and OI was delivered too—what’s left is that final push from the aggressive buying side. Whether to chase or not is personal; I’ll wait and watch for a pullback to confirm.
In 15m, it surged 1.88%, and the trading volume immediately hit 2x the usual level. The price broke through while hugging the upper boundary of nearly 20 consecutive 5m candles. The OI is even more interesting: in 1h, it increased by 4.76%, notional +780k U; in 15m it also added 370k U. The percentile is abnormal at 91%, and among the whole pool the notional change ranks 37.
Price is up, OI is up—this is the classic structure of newly added leveraged long positions, not the kind of “short covering” that’s kind of fake.
But the aggressive (taker) volume is -3.4%, and the buy-sell ratio is 0.93. The aggressive buy side didn’t quite keep up; during the pump it was more passive. In the past 24h, trading value is 137M U, and the depth is sufficient. Now it depends on whether anyone is willing to keep relaying at this level.
The boundary was just broken, volume was delivered, and OI was delivered too—what’s left is that final push from the aggressive buying side. Whether to chase or not is personal; I’ll wait and watch for a pullback to confirm.