$PUMP just broke below the lower bound of the last 20 or so 5-minute candles. It’s down 1.12% over 15 minutes, volume is up to 1.69x, and volatility Z is 1.77. This is a genuine, volume-backed drop—not a wick.
What’s interesting is the OI: +0.21% over 15 minutes and +0.05% over 1 hour, while notional change is negative (-234K/-1.21M). Price is falling and OI is edging up, so new leveraged shorts are entering, but notional is shrinking, which suggests positions are changing hands.
Aggressive trade imbalance is 4.4%, and the buy/sell ratio is 1.09, giving buyers a slight edge. Price has broken below the range boundary, volume is abnormal, and the OI percentile is only 21%; market depth confirms that volume is above normal.
24-hour trading volume is 460M, with the pool-wide notional change at #23 and the abnormality percentile at #90. I’m watching to see whether price quickly reclaims the lower bound. If it doesn’t, the bears are in control.
What’s interesting is the OI: +0.21% over 15 minutes and +0.05% over 1 hour, while notional change is negative (-234K/-1.21M). Price is falling and OI is edging up, so new leveraged shorts are entering, but notional is shrinking, which suggests positions are changing hands.
Aggressive trade imbalance is 4.4%, and the buy/sell ratio is 1.09, giving buyers a slight edge. Price has broken below the range boundary, volume is abnormal, and the OI percentile is only 21%; market depth confirms that volume is above normal.
24-hour trading volume is 460M, with the pool-wide notional change at #23 and the abnormality percentile at #90. I’m watching to see whether price quickly reclaims the lower bound. If it doesn’t, the bears are in control.