FET’s drop feels kind of sluggish.
It plunged 1.12% in 15 minutes, with volume surging to 2.69x, but OI only fell 0.24%—doesn’t look like shorts piling in to smash it; more like longs pulling the ladder up themselves. Taker flow was -42.6%, and the buy/sell ratio was 0.40. Sell orders were doing all the pushing.
The close broke below the lower end of the recent 20-candle 5m range. Price and OI fell together—a classic deleveraging move, not fresh short positions being opened.
Anomaly percentile: 87.3%, ranked #10 across the whole pool. In plain English: this doesn’t look much like retail trading. 24h turnover is only 63M, so it’s not a deep pool; a dump of this size can easily cause slippage.
Not getting involved. I’ll wait for OI to stabilize.
It plunged 1.12% in 15 minutes, with volume surging to 2.69x, but OI only fell 0.24%—doesn’t look like shorts piling in to smash it; more like longs pulling the ladder up themselves. Taker flow was -42.6%, and the buy/sell ratio was 0.40. Sell orders were doing all the pushing.
The close broke below the lower end of the recent 20-candle 5m range. Price and OI fell together—a classic deleveraging move, not fresh short positions being opened.
Anomaly percentile: 87.3%, ranked #10 across the whole pool. In plain English: this doesn’t look much like retail trading. 24h turnover is only 63M, so it’s not a deep pool; a dump of this size can easily cause slippage.
Not getting involved. I’ll wait for OI to stabilize.