$MEW 's 15m move was pretty decisive, up +2.1% and straight through the highs of the last 20 or so 5m candles. The key is that OI moved up alongside it: +2.66% over 1h, volume at 1.61x, and a taker buy/sell ratio of 1.72—this looks much more like new leveraged longs entering than shorts covering.
Its OI anomaly percentile is 85.5%, ranking #12 across the whole pool. Not top-tier, but definitely noticeable. 24h trading volume is only 14.85M, so liquidity is thin; a breakout of this size could easily get rejected. First see if it can hold above the highs. Be cautious about chasing.
Its OI anomaly percentile is 85.5%, ranking #12 across the whole pool. Not top-tier, but definitely noticeable. 24h trading volume is only 14.85M, so liquidity is thin; a breakout of this size could easily get rejected. First see if it can hold above the highs. Be cautious about chasing.