$RENDER has something.
On the 15m, it directly topped up to about 20 of the 5m band’s upper edge, with volume at 2.55x, and the aggressive buy/sell ratio at 2.06—this isn’t a retail trader casually pushing it.
The key is OI—15m +1.19%, 1h +1.28%, an anomalous percentile of 98.4%, and the nominal change across the whole pool is #40. Price is rising along with open interest; new leveraged longs are entering—this isn’t a fake move from short covering.
If it continues across several cycles, the whole pool is anomalous #6. At this position, it’s either pre-launch buildup or a trap set for people chasing. The 24h trading value is only 21M, liquidity isn’t very thick. One big bullish candle can push it up, and one big bearish candle can also smash it.
I’m watching—no rush to act.
On the 15m, it directly topped up to about 20 of the 5m band’s upper edge, with volume at 2.55x, and the aggressive buy/sell ratio at 2.06—this isn’t a retail trader casually pushing it.
The key is OI—15m +1.19%, 1h +1.28%, an anomalous percentile of 98.4%, and the nominal change across the whole pool is #40. Price is rising along with open interest; new leveraged longs are entering—this isn’t a fake move from short covering.
If it continues across several cycles, the whole pool is anomalous #6. At this position, it’s either pre-launch buildup or a trap set for people chasing. The 24h trading value is only 21M, liquidity isn’t very thick. One big bullish candle can push it up, and one big bearish candle can also smash it.
I’m watching—no rush to act.