$CHIP This move is pretty interesting: over 15m, the price rose only 0.97%, but volume jumped straight to 2.17x. OI is up 0.84% over the past hour, with 227K in notional value coming in—there are clear signs of new leveraged longs entering. The latest candle also closed above the highs of nearly 20 previous 5m candles, and the aggressive buy/sell ratio is 1.73, showing a fairly notable buying skew.
The anomaly percentile is 88.7%, ranking #7 across the entire pool. I generally don’t ignore this kind of “price barely moves, but volume picks up first” setup. 24h trading volume is only a little over 12M, so the pool is shallow. If price really opens up the upside, slippage can work in the longs’ favor—but it can also dump quickly in the other direction. First, watch whether it can hold above the top of this range; if it can’t, it’s a false breakout.
The anomaly percentile is 88.7%, ranking #7 across the entire pool. I generally don’t ignore this kind of “price barely moves, but volume picks up first” setup. 24h trading volume is only a little over 12M, so the pool is shallow. If price really opens up the upside, slippage can work in the longs’ favor—but it can also dump quickly in the other direction. First, watch whether it can hold above the top of this range; if it can’t, it’s a false breakout.