$Q has something going on. The 15m chart just ripped nearly 8%, with volume running at 2.4x normal levels, so this is not a fake breakout on thin liquidity. The key is that OI is rising in sync as well: both 1h and 15m are increasing. The notional change isn’t huge, but after several consecutive periods of continuation, it looks more like new leveraged longs entering than shorts being forced to cover.
Price has just closed above the upper end of the recent 20 5m candles' range. The active buy-sell imbalance is 1.7%, with buyers slightly in control but not to an extreme degree. The anomaly percentile is 90.5%, ranked #21 in the whole pool, so it’s one of those names that gets screened out as “worth keeping an eye on.”
24h turnover is at the $150 million level, so liquidity is sufficient. The real question now isn’t whether there’s volume, but whether it can hold after the breakout—continued OI growth would confirm it, while an OI reversal would be a warning that this may just be a short-term leverage-driven move. First watch how it reacts on a pullback to the upper band.
Price has just closed above the upper end of the recent 20 5m candles' range. The active buy-sell imbalance is 1.7%, with buyers slightly in control but not to an extreme degree. The anomaly percentile is 90.5%, ranked #21 in the whole pool, so it’s one of those names that gets screened out as “worth keeping an eye on.”
24h turnover is at the $150 million level, so liquidity is sufficient. The real question now isn’t whether there’s volume, but whether it can hold after the breakout—continued OI growth would confirm it, while an OI reversal would be a warning that this may just be a short-term leverage-driven move. First watch how it reacts on a pullback to the upper band.