$MON isn’t making an ordinary pullback.
It dropped 1.49% in just 15 minutes, with volume surging to 5 times its usual level. Price broke below the lows of nearly 20 recent 5-minute candles. The catch is that OI is still rising: +0.43% over 15 minutes and +0.56% over 1 hour, with an anomaly percentile of 89.3%.
Price down, OI up—that’s not longs panic-closing. Someone is actively pushing the price lower: aggressive order flow is -13.2%, the buy/sell ratio is 0.77, and sellers are in control. The funding rate is still in a high recent percentile, and shorts are paying the funding but continuing to add positions, so this doesn’t look like a minor move.
It ranks #25 for anomalies across the entire pool and #28 for notional change, with the move persisting over several consecutive periods. 24-hour trading volume is 41.51M, so there’s enough volume behind it.
I’m not calling the direction, but this kind of setup usually doesn’t end with a single wick. Keep an eye on $MON —don’t rush to buy the dip.
It dropped 1.49% in just 15 minutes, with volume surging to 5 times its usual level. Price broke below the lows of nearly 20 recent 5-minute candles. The catch is that OI is still rising: +0.43% over 15 minutes and +0.56% over 1 hour, with an anomaly percentile of 89.3%.
Price down, OI up—that’s not longs panic-closing. Someone is actively pushing the price lower: aggressive order flow is -13.2%, the buy/sell ratio is 0.77, and sellers are in control. The funding rate is still in a high recent percentile, and shorts are paying the funding but continuing to add positions, so this doesn’t look like a minor move.
It ranks #25 for anomalies across the entire pool and #28 for notional change, with the move persisting over several consecutive periods. 24-hour trading volume is 41.51M, so there’s enough volume behind it.
I’m not calling the direction, but this kind of setup usually doesn’t end with a single wick. Keep an eye on $MON —don’t rush to buy the dip.