$SKY This wave has a little something.
On the 15m timeframe, volume surged 1.79x and it directly broke above the upper edge of the past ~20 5m candles, with aggressive buy-sell ratio at 1.67. The trade gap is 25%—not a fake breakout propped up by resting orders.
The key is that OI is rising along with it—15m +0.16%, 1h +0.11%. The figures are all net inflows in name. Price is up, open interest is up, and it smells like new leveraged long positions are entering. OI’s abnormal percentile is 92.9%, ranking up to #10 across the whole pool. Funding rate is also in a high percentile recently.
In the past 24h, the total trading value is only 18.77M, so the pool isn’t that deep. At this position, if someone takes over, it can easily run for a stretch. But on the flip side, with leverage stacked up and funding relatively high, a pullback can also happen quickly.
First, see whether it can hold and stay above this range’s upper boundary.
On the 15m timeframe, volume surged 1.79x and it directly broke above the upper edge of the past ~20 5m candles, with aggressive buy-sell ratio at 1.67. The trade gap is 25%—not a fake breakout propped up by resting orders.
The key is that OI is rising along with it—15m +0.16%, 1h +0.11%. The figures are all net inflows in name. Price is up, open interest is up, and it smells like new leveraged long positions are entering. OI’s abnormal percentile is 92.9%, ranking up to #10 across the whole pool. Funding rate is also in a high percentile recently.
In the past 24h, the total trading value is only 18.77M, so the pool isn’t that deep. At this position, if someone takes over, it can easily run for a stretch. But on the flip side, with leverage stacked up and funding relatively high, a pullback can also happen quickly.
First, see whether it can hold and stay above this range’s upper boundary.