$RAYSOL 15m rallied nearly 2 points, with volume surging to 4.23x and volatility Z at 3.84—this isn’t an ordinary wick.
The key is that OI climbed in sync: the 1h notional change was 359K, at an anomalous percentile of 91.5%, ranking #2 across the entire pool. Price up + OI up looks like new leveraged longs entering, which is healthier than short covering.
The 5m close has already broken above the range of the last ~20 candles. The aggressive trade imbalance is 22.9%, the buy/sell ratio is 1.60, and buyers are chewing through the order book.
24h trading volume is 81.74M, and liquidity looks fine. As long as volume holds up, this setup could see the former upper boundary turn into support.
The key is that OI climbed in sync: the 1h notional change was 359K, at an anomalous percentile of 91.5%, ranking #2 across the entire pool. Price up + OI up looks like new leveraged longs entering, which is healthier than short covering.
The 5m close has already broken above the range of the last ~20 candles. The aggressive trade imbalance is 22.9%, the buy/sell ratio is 1.60, and buyers are chewing through the order book.
24h trading volume is 81.74M, and liquidity looks fine. As long as volume holds up, this setup could see the former upper boundary turn into support.