$SAGA Over these 15 minutes, it surged 4.8 points, with volume more than 5 times the average and active buying accounting for around 11%. The key is that OI rose in tandem: open interest in 15-minute contracts increased by 0.71%, or $420K in notional value, suggesting new longs are entering rather than this being just a short squeeze.
The OI anomaly percentile hit 100%, ranking first across the entire pool. This signal is fairly rare. On the 5-minute chart, the price has just broken above the highs of nearly 20 candles, effectively pushing through the edge of the range.
The OI anomaly has persisted across several consecutive timeframes, depth confirmation has also come through, and volume and price action are aligned. Still, after such a rapid surge, watch how deep the pullback is; chasing at these levels isn't especially attractive for a short-term trade. I'll first watch to see whether the 15-minute candle can close firmly above this range before deciding whether to follow.
The OI anomaly percentile hit 100%, ranking first across the entire pool. This signal is fairly rare. On the 5-minute chart, the price has just broken above the highs of nearly 20 candles, effectively pushing through the edge of the range.
The OI anomaly has persisted across several consecutive timeframes, depth confirmation has also come through, and volume and price action are aligned. Still, after such a rapid surge, watch how deep the pullback is; chasing at these levels isn't especially attractive for a short-term trade. I'll first watch to see whether the 15-minute candle can close firmly above this range before deciding whether to follow.