$A This rally has some real substance. It surged 2.62% in 15m, with volume hitting 3.42 times the norm. Most importantly, OI rose in tandem—up 1.56% over 1h and 1.30% over 15m. Price up, open interest up: classic leveraged longs entering, not the hollow rally you get from short covering.
The closing price has already broken above the top of the range from the last 20 or so 5m candles. Aggressive trade delta is 13.4%, and the buy/sell ratio is 1.31—the buying is real. The OI anomaly percentile is 92.9%, ranking #10 across the whole pool, and the move has persisted over several consecutive periods, so it doesn't look like noise from a one-candle spike.
24h trading volume is only a little over 35M, so liquidity isn't deep. If sentiment takes off from here, the price could move sharply—but if it gets dumped, don't count on much support either. Whether to chase is up to you; I'll draw my stop-loss first, then decide.
The closing price has already broken above the top of the range from the last 20 or so 5m candles. Aggressive trade delta is 13.4%, and the buy/sell ratio is 1.31—the buying is real. The OI anomaly percentile is 92.9%, ranking #10 across the whole pool, and the move has persisted over several consecutive periods, so it doesn't look like noise from a one-candle spike.
24h trading volume is only a little over 35M, so liquidity isn't deep. If sentiment takes off from here, the price could move sharply—but if it gets dumped, don't count on much support either. Whether to chase is up to you; I'll draw my stop-loss first, then decide.