$ELSA This 15m push is interesting: price is up +2.77%, breaking above the range of the last 20 5m candles, and volume has expanded to 2.21x. But OI is actually down—1h -0.05%, with a nominal change of just 127K—so this is a classic short-covering rally, not a move driven by new positions. The aggressive trade delta is -5.5%, and the buy/sell ratio is 0.90, meaning sellers are actually doing more of the chasing. That suggests there are buyers absorbing the move overhead, but they seem hesitant. The anomaly percentile is 89.3%, ranked #14 across the entire pool, so it’s certainly attracting attention. Still, this structure doesn’t look much like the start of a trend; it looks more like a tentative breakout at the edge of a range. Whether it can hold will depend on OI turning positive—otherwise, a pullback after the spike is quite likely.