This kind of sell-off clearly isn’t just a simple dumping. $JASMY 15m The volume surged to 4.57x, while the aggressive-trade imbalance is -61.4%, and the buy-sell ratio is 0.24. At the close, price directly smashed through the lower boundary of nearly 20 consecutive 5-minute ranges. The longs were basically forced out one by one through stop-losses.
What’s interesting, though, is that OI is falling too—both the 15m and 1h readings are negative. The nominal position size is shrinking, and that “abnormal percentile 98” value feels more like deleveraging squeezed to an extreme rather than new shorts entering to push it lower. Even though it’s dropping, this structure actually suggests the market is clearing out—there isn’t someone adding leverage to press downward.
At this level, don’t rush to reach in yet. Wait for a recovery signal from the side with the aggressive trades before making a move.
What’s interesting, though, is that OI is falling too—both the 15m and 1h readings are negative. The nominal position size is shrinking, and that “abnormal percentile 98” value feels more like deleveraging squeezed to an extreme rather than new shorts entering to push it lower. Even though it’s dropping, this structure actually suggests the market is clearing out—there isn’t someone adding leverage to press downward.
At this level, don’t rush to reach in yet. Wait for a recovery signal from the side with the aggressive trades before making a move.
