$LSK This move is a bit shaky.
In the 15m timeframe, it’s up 1.12%, and the volume has risen to 1.55x. It looks lively, but OI for 15m is -1.82% and for 1h is -3.19%—price is moving up while positions are decreasing. That’s a typical short-covering pattern, not new longs entering. Active trade imbalance is -4.9%, the buy/sell ratio is 0.91, and the bid side didn’t really keep up.
The abnormal percentile is 63.3%, overall pool #17. The depth has been confirmed, and it also tapped the upper edge of the recent range. But I generally don’t chase this kind of structure—once the covering is done, there’s no follow-through.
The 24h trading value is a bit over 80M. The pool isn’t very deep, so if it really gets sold off, it can drop fast. Let’s see whether it can hold this boundary first.
In the 15m timeframe, it’s up 1.12%, and the volume has risen to 1.55x. It looks lively, but OI for 15m is -1.82% and for 1h is -3.19%—price is moving up while positions are decreasing. That’s a typical short-covering pattern, not new longs entering. Active trade imbalance is -4.9%, the buy/sell ratio is 0.91, and the bid side didn’t really keep up.
The abnormal percentile is 63.3%, overall pool #17. The depth has been confirmed, and it also tapped the upper edge of the recent range. But I generally don’t chase this kind of structure—once the covering is done, there’s no follow-through.
The 24h trading value is a bit over 80M. The pool isn’t very deep, so if it really gets sold off, it can drop fast. Let’s see whether it can hold this boundary first.