$LIT This 15m dump is pretty interesting—the price fell 1.26%, volume surged to 1.71x, but OI declined instead of increasing. 1h notional was down 867K, a classic long deleveraging move: stops getting swept out. This kind of drop isn't caused by new shorts entering.
The close has already broken below the lower bound of the past 20 or so 5m candles. Aggressive trade delta is -14.5%, and the buy/sell ratio is 0.75, showing clear selling pressure. It ranks #38 for anomalies across the pool and #16 for notional change—not among the most explosive moves, but the depth confirms it: volume is above normal, and price has touched the range boundary.
I generally don't like chasing shorts with this kind of setup. Leverage has already been flushed once, so this looks more like position reduction than the start of a trend. Let's see if it can reclaim the lower bound; if not, we can reassess.
The close has already broken below the lower bound of the past 20 or so 5m candles. Aggressive trade delta is -14.5%, and the buy/sell ratio is 0.75, showing clear selling pressure. It ranks #38 for anomalies across the pool and #16 for notional change—not among the most explosive moves, but the depth confirms it: volume is above normal, and price has touched the range boundary.
I generally don't like chasing shorts with this kind of setup. Leverage has already been flushed once, so this looks more like position reduction than the start of a trend. Let's see if it can reclaim the lower bound; if not, we can reassess.
