$STRK has an interesting setup on the 15m: price is up 1.08%—not a huge move—but OI is rising along with it: +0.48% on the 15m and +1.04% on the 1h. Volume is also up to 1.65x, with a +9.4% taker flow imbalance and a buy/sell ratio of 1.21. This looks more like new leveraged longs entering than a short squeeze—that kind of flimsy rally.
It also just closed above the upper end of the past 20 or so 5m candles’ range. Its notional change ranks #39 across the entire pool, and depth has confirmed the move. 24h trading volume is 103M, so liquidity isn’t bad. However, the OI anomaly percentile is only 62%—not crowded yet. First, let’s see if it can hold above this range; if it can’t, that’s the usual fakeout script.
It also just closed above the upper end of the past 20 or so 5m candles’ range. Its notional change ranks #39 across the entire pool, and depth has confirmed the move. 24h trading volume is 103M, so liquidity isn’t bad. However, the OI anomaly percentile is only 62%—not crowded yet. First, let’s see if it can hold above this range; if it can’t, that’s the usual fakeout script.