STX This leg on the 15m timeframe is pulled up pretty decisively, +2.08%, and the volume also increases to 1.75x, directly breaking above the upper edge of nearly 20 5m candles. But take a closer look at OI: the 1h contract is -1.18%, and the 15m is still negative—so as the price goes up, positions are actually being reduced.
I’m not really willing to chase this structure. It’s like the move is being run by shorts, not new longs entering. Active trade volume diverges by 17.7%, and the buy/sell ratio is 1.43, which looks bullish at a glance, but the nominal change is only 205K—so the scale isn’t that big.
For the whole pool, the abnormal percentile is 90.9%, ranking #10. In the short term, there is indeed money watching it. But since it’s a position-rebuild/covering-driven move, wait for OI to stabilize and then see whether there’s a second leg. Chasing long at this level has mediocre risk-reward. $STX
I’m not really willing to chase this structure. It’s like the move is being run by shorts, not new longs entering. Active trade volume diverges by 17.7%, and the buy/sell ratio is 1.43, which looks bullish at a glance, but the nominal change is only 205K—so the scale isn’t that big.
For the whole pool, the abnormal percentile is 90.9%, ranking #10. In the short term, there is indeed money watching it. But since it’s a position-rebuild/covering-driven move, wait for OI to stabilize and then see whether there’s a second leg. Chasing long at this level has mediocre risk-reward. $STX
