$QNT This 15m move is pretty interesting: price rose 1.67%, volume jumped to 2.63x, the Z-score was 3.58, and the close even poked above the highs of nearly 20 previous 5m candles.
But the OI picture is a little nuanced—it's down on both the 15m and 1h timeframes, while notional change is positive. Put simply, this looks more like a rally driven by short covering than aggressive new long positioning.
The aggressive trade imbalance is 21.9%, and the buy/sell ratio is 1.56, so buyers do have the edge in the short term. The anomaly percentile across the full pool is 89.9%, ranking #10, with 24h trading volume of 256 million and enough market depth.
The main thing I worry about with this kind of setup is chasing the price. Short-covering rallies often leave a mess once they're over, so for now, let's watch whether it can hold above the previous highs.
But the OI picture is a little nuanced—it's down on both the 15m and 1h timeframes, while notional change is positive. Put simply, this looks more like a rally driven by short covering than aggressive new long positioning.
The aggressive trade imbalance is 21.9%, and the buy/sell ratio is 1.56, so buyers do have the edge in the short term. The anomaly percentile across the full pool is 89.9%, ranking #10, with 24h trading volume of 256 million and enough market depth.
The main thing I worry about with this kind of setup is chasing the price. Short-covering rallies often leave a mess once they're over, so for now, let's watch whether it can hold above the previous highs.