$ONE In these 15 minutes, there’s something there: it pulled up 8 points. Volume didn’t really explode, but it’s still participating. Trading volume at 1.38x paired with volatility at 2.03—this is the kind of “quietly getting work done” move.

The key is the OI percentile—92.3%. The whole pool is abnormal (#13). Nominal change has pushed into the top 7. The 15m OI is increasing, while the 1h OI is only slightly down, which suggests this wave is newly entered leveraged longs, not old positions propping it up.

Active trades are down 11.1%, and the buy/sell ratio is 1.25—buying is genuinely sweeping.

The closing price directly broke above the upper edge of the last ~20 5m candles. The range boundary looks like it’s been touched. 24h trading volume is 425 million (RMB equivalent), with enough depth—not some tiny pool that gets pierced with one poke.

With this kind of structure, I usually don’t rush to chase the first candle, but I’ll watch for a pullback. If the upside opens, whether the newly added leverage can relay is the real focus. $ONE