$WIF This 15m move has something to it: price hugged the top of the range and churned for half a day before finally breaking above the highs of the last 20 5m candles. Volume at 1.36x isn’t explosive, but OI is gradually climbing alongside it—15m +0.22%, 1h +0.49%. The nominal increase is only in the tens of thousands, but the anomaly percentile has already surged to 81.7%, ranking 9th across the entire pool. Aggressive trade imbalance is 8.7%, and the buy/sell ratio is 1.19. This looks more like new leveraged longs testing the waters than shorts covering.
24h trading volume is 27.68M, and the pool isn’t very deep. A breakout from here either accelerates straight away or turns out to be a fakeout and pulls back. First, let’s see if it can hold above the range high; if it can’t, all that effort was for nothing.
24h trading volume is 27.68M, and the pool isn’t very deep. A breakout from here either accelerates straight away or turns out to be a fakeout and pulls back. First, let’s see if it can hold above the range high; if it can’t, all that effort was for nothing.