$GRASS 's 15m move is pretty interesting: price rose 1.86%, but OI actually fell—15m: -0.16%, 1h: -0.61%. It has a strong short-covering feel, rather than being driven by new longs entering.
The taker buy/sell volume imbalance was 24.3%, with a buy/sell ratio of 1.64, and the close also broke above the highs of the last 20 or so 5m candles. Volume was 1.77x above normal, with a Z-score of 3.12 and an anomaly percentile of 86.3%, ranking #35 across the entire pool.
24h trading volume was 54M, and the depth confirmation looks solid. With this kind of setup, I usually keep an eye on whether volume follows through. If it's purely short covering, the move can easily fade after the initial pop.
The taker buy/sell volume imbalance was 24.3%, with a buy/sell ratio of 1.64, and the close also broke above the highs of the last 20 or so 5m candles. Volume was 1.77x above normal, with a Z-score of 3.12 and an anomaly percentile of 86.3%, ranking #35 across the entire pool.
24h trading volume was 54M, and the depth confirmation looks solid. With this kind of setup, I usually keep an eye on whether volume follows through. If it's purely short covering, the move can easily fade after the initial pop.