$PONS This move is looking interesting. 15m volume is up 2.97x, while price has risen less than 1%. OI is also climbing. The notional change isn’t particularly large, but structurally this looks more like new leveraged longs entering than short covering.
The close has just moved above the top of the range from the last 20 or so 5m candles. Aggressive trade imbalance is 44.5%, and the buy/sell ratio is 2.60, showing clear buying pressure. It ranks #1 across the pool for anomaly percentile, with an OI anomaly of 72.2%. Taken together, that at least suggests some capital is focused on this level.
24h trading volume is 21.77M, and market depth isn’t particularly thick. Whether the breakout can hold depends on whether the next 15m candle sees enough volume to support it. Be careful chasing the move—once leveraged longs start piling into a small pool like this, the pullback can be unforgiving.
The close has just moved above the top of the range from the last 20 or so 5m candles. Aggressive trade imbalance is 44.5%, and the buy/sell ratio is 2.60, showing clear buying pressure. It ranks #1 across the pool for anomaly percentile, with an OI anomaly of 72.2%. Taken together, that at least suggests some capital is focused on this level.
24h trading volume is 21.77M, and market depth isn’t particularly thick. Whether the breakout can hold depends on whether the next 15m candle sees enough volume to support it. Be careful chasing the move—once leveraged longs start piling into a small pool like this, the pullback can be unforgiving.