$METIS This rally is pretty aggressive.
Up 5.9% in just 15m, with volume surging to more than 5x its average. OI is up 1.74% over 15m and 2.54% over 1h, while the anomaly percentile has climbed to 97.6%, ranking 4th across the entire pool.
This isn't just short covering. OI is rising along with price, which looks more like new longs entering with leverage.
Price has just broken above the highs of the last 20 5m candles, and the move has continued for several consecutive periods. If this structure holds, it's often more than just a quick wick.
But the taker flow imbalance is still -1.6%, and the buy/sell ratio is 0.97, suggesting spot buying hasn't been especially strong. It's mainly futures driving the move.
24h volume is only 15M, so the pool isn't very deep. It can rally fast, but it can fall just as quickly. If you're chasing, think carefully about your leverage.
First, see if price can hold above the breakout level. If it can't, this may be a fakeout.
Up 5.9% in just 15m, with volume surging to more than 5x its average. OI is up 1.74% over 15m and 2.54% over 1h, while the anomaly percentile has climbed to 97.6%, ranking 4th across the entire pool.
This isn't just short covering. OI is rising along with price, which looks more like new longs entering with leverage.
Price has just broken above the highs of the last 20 5m candles, and the move has continued for several consecutive periods. If this structure holds, it's often more than just a quick wick.
But the taker flow imbalance is still -1.6%, and the buy/sell ratio is 0.97, suggesting spot buying hasn't been especially strong. It's mainly futures driving the move.
24h volume is only 15M, so the pool isn't very deep. It can rally fast, but it can fall just as quickly. If you're chasing, think carefully about your leverage.
First, see if price can hold above the breakout level. If it can't, this may be a fakeout.