$Bull Is Coming—this move has something to it.
It surged 3% in just 15 minutes, with volume hitting 3.6 times the usual level and a Z-score of 4.42. This doesn’t look like retail trading. The closing price just broke above the high of the last 20 five-minute candles. The aggressive buy/sell ratio is 1.67, and the net aggressive trading volume is +25.1%—buyers are really absorbing the offers.
What’s interesting is the OI: down just 0.15% over 15 minutes, virtually unchanged over an hour, while notional value edged up slightly. Price is rising while OI falls instead of rising—a classic short-covering move, not a push from new longs entering. Moves like this can be fast, but the key is whether anyone takes over once the short covering is done.
The OI anomaly is at the 98.2nd percentile, ranking #3 among anomalies across the entire pool; notional change ranks #16, and depth confirms the move. 24-hour trading volume is only 13.99M, so the pool isn’t particularly deep. If real money comes in at this level, the move could have a lot of elasticity; on the other hand, if the short covering ends and nobody follows through, it could easily give back its gains.
This move happened at 23:19, early in the Asian session. First see if it can hold above the breakout level—don’t rush to chase it.
It surged 3% in just 15 minutes, with volume hitting 3.6 times the usual level and a Z-score of 4.42. This doesn’t look like retail trading. The closing price just broke above the high of the last 20 five-minute candles. The aggressive buy/sell ratio is 1.67, and the net aggressive trading volume is +25.1%—buyers are really absorbing the offers.
What’s interesting is the OI: down just 0.15% over 15 minutes, virtually unchanged over an hour, while notional value edged up slightly. Price is rising while OI falls instead of rising—a classic short-covering move, not a push from new longs entering. Moves like this can be fast, but the key is whether anyone takes over once the short covering is done.
The OI anomaly is at the 98.2nd percentile, ranking #3 among anomalies across the entire pool; notional change ranks #16, and depth confirms the move. 24-hour trading volume is only 13.99M, so the pool isn’t particularly deep. If real money comes in at this level, the move could have a lot of elasticity; on the other hand, if the short covering ends and nobody follows through, it could easily give back its gains.
This move happened at 23:19, early in the Asian session. First see if it can hold above the breakout level—don’t rush to chase it.