$AERO This 15m candle is interesting: price surged 1.92%, volume jumped to 2.75x, the buy/sell ratio was 1.97, aggressive trade delta was +32.6%, and the close broke above the highs of nearly the last 20 5m candles.
But OI didn't follow. 15m: -0.03%; 1h: -0.22%. It was nominally a rise, but essentially it looks more like short covering and position covering driving the move. The full-pool anomaly percentile is 92.9%, it has persisted for several consecutive periods, and 24h trading volume is 21.84M.
My take: this isn't a major influx of new longs; old shorts are getting squeezed out. Whether the breakout is valid is another question. Volume is there and the bias is bullish, but be cautious about chasing this kind of setup.
But OI didn't follow. 15m: -0.03%; 1h: -0.22%. It was nominally a rise, but essentially it looks more like short covering and position covering driving the move. The full-pool anomaly percentile is 92.9%, it has persisted for several consecutive periods, and 24h trading volume is 21.84M.
My take: this isn't a major influx of new longs; old shorts are getting squeezed out. Whether the breakout is valid is another question. Volume is there and the bias is bullish, but be cautious about chasing this kind of setup.