$XPL These last 15 minutes have been interesting. Price fell 1.77%, volume surged to 18x, aggressive sell orders hammered the bids, the buy/sell ratio was 0.62, and trade delta was -23%.
More importantly, OI: +1.23% over 15 minutes, +2.16% over 1 hour, at the 92.3rd percentile for anomalies, ranked #28 across the entire pool. Price down + OI up typically means shorts are entering with leverage—not simply longs closing out.
The close has already broken below the lower end of the last 20 or so 5-minute candles. Volume, OI, and direction are all moving in sync.
Now the question is whether this is the start of an acceleration, or just a shakeout of weak hands before a rebound. Don’t rush to buy the dip—wait for it to pick a direction.
More importantly, OI: +1.23% over 15 minutes, +2.16% over 1 hour, at the 92.3rd percentile for anomalies, ranked #28 across the entire pool. Price down + OI up typically means shorts are entering with leverage—not simply longs closing out.
The close has already broken below the lower end of the last 20 or so 5-minute candles. Volume, OI, and direction are all moving in sync.
Now the question is whether this is the start of an acceleration, or just a shakeout of weak hands before a rebound. Don’t rush to buy the dip—wait for it to pick a direction.