$NIL This setup is pretty interesting.
Up 2% in 15m. Volume hasn't exploded, but 15m OI jumped straight to +1.72%, adding nearly 400k U in notional value. 1h OI is also gradually building. Price is up, OI is up, aggressive trade delta is +8.1%, and the buy/sell ratio is 1.18—bullish bias.
The key isn't how much it's risen, but that the OI anomaly percentile has already hit 95.8%, ranking #14 across the entire pool, and it has persisted for several consecutive periods. It's right at the top of the recent range.
I've seen this kind of move too many times lately—a spike that stalls at resistance, OI piling up, and then it comes down to whether these longs dare to keep adding or get caught by a reversal. At the 95.8th percentile, the higher it ranks, the more likely it is to attract attention.
I'll keep watching. No rush to act.
Up 2% in 15m. Volume hasn't exploded, but 15m OI jumped straight to +1.72%, adding nearly 400k U in notional value. 1h OI is also gradually building. Price is up, OI is up, aggressive trade delta is +8.1%, and the buy/sell ratio is 1.18—bullish bias.
The key isn't how much it's risen, but that the OI anomaly percentile has already hit 95.8%, ranking #14 across the entire pool, and it has persisted for several consecutive periods. It's right at the top of the recent range.
I've seen this kind of move too many times lately—a spike that stalls at resistance, OI piling up, and then it comes down to whether these longs dare to keep adding or get caught by a reversal. At the 95.8th percentile, the higher it ranks, the more likely it is to attract attention.
I'll keep watching. No rush to act.