$CHIP This 15m rally is accompanied by rising volume, with trading volume up 3.35x and OI also increasing in tandem—clear signs of new leveraged longs entering. Price has just broken above the highs of the past 20 or so 5m candles. The active buy-sell imbalance is 13.7%, indicating a fairly decisive buying bias.
Although changes in notional value and the abnormality percentile aren’t extreme, the full-pool abnormality ranking of #12 indicates relatively strong performance. The biggest risk with this setup is a false breakout without OI following through. There’s no divergence so far, so watch whether price can hold above the range.
Although changes in notional value and the abnormality percentile aren’t extreme, the full-pool abnormality ranking of #12 indicates relatively strong performance. The biggest risk with this setup is a false breakout without OI following through. There’s no divergence so far, so watch whether price can hold above the range.