$INJ This move has something to it. The 15m chart is up 1.24%, volume is 1.65x, buy-side imbalance is 23.8%, and the buy/sell ratio is 1.63. Price just closed above the top of the last 20 five-minute candles—not a fake breakout.
More importantly, OI is rising: +0.31% over 15m and +0.64% over 1h, with notional changes building in both periods. The anomaly percentile is 81%, ranking #7 across the entire pool. Price up + OI up—that’s a classic sign of fresh leveraged longs entering, not the fleeting pop you get from short covering.
The move has continued across several consecutive periods, and volume is holding up, with 24h turnover at 132 million. With this kind of setup, I’d keep an eye on the quality of the retest after the breakout. It only counts as confirmed if price can hold above the prior high.
More importantly, OI is rising: +0.31% over 15m and +0.64% over 1h, with notional changes building in both periods. The anomaly percentile is 81%, ranking #7 across the entire pool. Price up + OI up—that’s a classic sign of fresh leveraged longs entering, not the fleeting pop you get from short covering.
The move has continued across several consecutive periods, and volume is holding up, with 24h turnover at 132 million. With this kind of setup, I’d keep an eye on the quality of the retest after the breakout. It only counts as confirmed if price can hold above the prior high.