$GRASS This 15-minute move is a bit off.
The price dropped 1.63%, while volume shot up to 2.05x, with a Z-score of 3.68 — this is not a normal pullback. More importantly, OI is rising, +0.21% on the 1h timeframe, and combined with the price decline, this is a typical structure of shorts adding positions, not a passive drop caused by longs being liquidated.
Aggressive trade imbalance is -27.8%, with a buy/sell ratio of 0.57, so selling pressure is clearly dominant. On the 5m timeframe, price has already broken below the lower bound of the range of nearly the last 20 candles, and the structure is broken.
The abnormal percentile is 81.7%, ranked #15 in the entire pool, and nominal change is also near the top. 24h trading volume is approaching 20 million U, and depth confirms this is not a fake move.
New leveraged shorts are entering the market. Note that this means "new" shorts, not old shorts closing positions. In this kind of structure, if support fails to hold, an acceleration move can easily follow. Conversely, if shorts start covering, there could also be a rebound.
Watch first, don’t rush to catch it.
The price dropped 1.63%, while volume shot up to 2.05x, with a Z-score of 3.68 — this is not a normal pullback. More importantly, OI is rising, +0.21% on the 1h timeframe, and combined with the price decline, this is a typical structure of shorts adding positions, not a passive drop caused by longs being liquidated.
Aggressive trade imbalance is -27.8%, with a buy/sell ratio of 0.57, so selling pressure is clearly dominant. On the 5m timeframe, price has already broken below the lower bound of the range of nearly the last 20 candles, and the structure is broken.
The abnormal percentile is 81.7%, ranked #15 in the entire pool, and nominal change is also near the top. 24h trading volume is approaching 20 million U, and depth confirms this is not a fake move.
New leveraged shorts are entering the market. Note that this means "new" shorts, not old shorts closing positions. In this kind of structure, if support fails to hold, an acceleration move can easily follow. Conversely, if shorts start covering, there could also be a rebound.
Watch first, don’t rush to catch it.