$PENDLE This wave has got something.
On the 15m, it straight pulled up 3 percentage points; volume hit 3.19x, and OI pushed upward in sync—1h contracts +3.7%, notional +8.98%, and the 15m is still adding.
Price is up, positions are up—this doesn’t look like the kind of flimsy short-covering. It’s more like fresh leveraged long entries piling in.
Also, the OI abnormal percentile reached 100%, the top across the whole pool. The closing price is above the upper boundary of the most recent ~20 5m ranges; active volume is up 28.8%, buy/sell ratio is 1.81—direction is clearly biased to the buy side.
It’s been continuing for several consecutive periods, not like a quick needle that’s over after one spike. This structure either continues for a while, or is a warning sign of an extreme range reversal—but with that OI increment sitting right there, leaning toward the latter is still a bit of a misconception for now.
Keep an eye on it—don’t chase too aggressively.
On the 15m, it straight pulled up 3 percentage points; volume hit 3.19x, and OI pushed upward in sync—1h contracts +3.7%, notional +8.98%, and the 15m is still adding.
Price is up, positions are up—this doesn’t look like the kind of flimsy short-covering. It’s more like fresh leveraged long entries piling in.
Also, the OI abnormal percentile reached 100%, the top across the whole pool. The closing price is above the upper boundary of the most recent ~20 5m ranges; active volume is up 28.8%, buy/sell ratio is 1.81—direction is clearly biased to the buy side.
It’s been continuing for several consecutive periods, not like a quick needle that’s over after one spike. This structure either continues for a while, or is a warning sign of an extreme range reversal—but with that OI increment sitting right there, leaning toward the latter is still a bit of a misconception for now.
Keep an eye on it—don’t chase too aggressively.