$EIGEN This wave has some substance.
On the 15m, it surged up 1.3% directly, and the volume expanded to 3.81x. The active trades were off by 33.4%, and the buy-sell ratio is 2.00—consuming in a clear direction. It’s not one of those fake moves where they go back and forth to manipulate.
The closing price has already broken above the upper edge of the last ~20 5m candles, and structurally it’s a real breakout.
More importantly, OI: 15m +1.18%, 1h +1.89%, abnormal percentile at 99.6%, and it’s ranked #5 across the whole pool. This is new leveraged longs entering—not shorts being driven to close. The funding rate is also at a high percentile recently, which indicates bullish sentiment is already up.
With multiple consecutive cycles continuing, and the depth confirming it as well, this kind of structure either keeps accelerating or becomes a pullback after short-term overheating. Whether to chase is up to you, but at least it’s worth keeping an eye on.
On the 15m, it surged up 1.3% directly, and the volume expanded to 3.81x. The active trades were off by 33.4%, and the buy-sell ratio is 2.00—consuming in a clear direction. It’s not one of those fake moves where they go back and forth to manipulate.
The closing price has already broken above the upper edge of the last ~20 5m candles, and structurally it’s a real breakout.
More importantly, OI: 15m +1.18%, 1h +1.89%, abnormal percentile at 99.6%, and it’s ranked #5 across the whole pool. This is new leveraged longs entering—not shorts being driven to close. The funding rate is also at a high percentile recently, which indicates bullish sentiment is already up.
With multiple consecutive cycles continuing, and the depth confirming it as well, this kind of structure either keeps accelerating or becomes a pullback after short-term overheating. Whether to chase is up to you, but at least it’s worth keeping an eye on.