The setup at $FOLKS is pretty interesting.
It surged 7.6 points in just 15m, with volume hitting 4.6x and a Z-score of 3.77. This wasn't just a random poke. Crucially, OI rose at the same time—up 0.73% over 15m, and still up over 1h—with nearly 600,000 U in notional change combined. Price up + OI up suggests new longs are driving the move, not the kind of short-covering flash in the pan.
The aggressive trade imbalance was 34.4%, with a buy/sell ratio of 2.05—buyers are clearly stepping in. The close also broke above the highs of nearly the last 20 5m candles.
The OI anomaly is at the 96.8th percentile, ranking 4th across the whole pool. This extreme reading has held for several consecutive periods without fading, and market depth confirms it too.
That doesn't mean you have to chase it, but this kind of setup is worth watching to see whether it can hold.
It surged 7.6 points in just 15m, with volume hitting 4.6x and a Z-score of 3.77. This wasn't just a random poke. Crucially, OI rose at the same time—up 0.73% over 15m, and still up over 1h—with nearly 600,000 U in notional change combined. Price up + OI up suggests new longs are driving the move, not the kind of short-covering flash in the pan.
The aggressive trade imbalance was 34.4%, with a buy/sell ratio of 2.05—buyers are clearly stepping in. The close also broke above the highs of nearly the last 20 5m candles.
The OI anomaly is at the 96.8th percentile, ranking 4th across the whole pool. This extreme reading has held for several consecutive periods without fading, and market depth confirms it too.
That doesn't mean you have to chase it, but this kind of setup is worth watching to see whether it can hold.