$AKE This 15m move is pretty interesting—the price is up, but OI is falling. The 15m contract is down 0.18%, and the 1h is also down 0.24%. That’s a typical short-covering push, not the kind of rally from new long entries.
The closing price directly broke above the upper band of the last ~20 5m candles. On 15m, volume is 1.93x, Z-score is 2.97, active buy orders are +8.8%, and the buy-sell ratio is 1.19—sentiment-wise it really is skewed long.
However, the abnormal percentile for OI is already at 88.7%—ranked 18th in the whole pool. At a position like this, it’s either set to continue or it’s near the end of the short-covering. If you chase, weigh it yourself. 24h turnover is 51M, and liquidity/market depth is still fairly adequate.
Just watch for now—don’t get carried away.
The closing price directly broke above the upper band of the last ~20 5m candles. On 15m, volume is 1.93x, Z-score is 2.97, active buy orders are +8.8%, and the buy-sell ratio is 1.19—sentiment-wise it really is skewed long.
However, the abnormal percentile for OI is already at 88.7%—ranked 18th in the whole pool. At a position like this, it’s either set to continue or it’s near the end of the short-covering. If you chase, weigh it yourself. 24h turnover is 51M, and liquidity/market depth is still fairly adequate.
Just watch for now—don’t get carried away.