$Q This early-morning 15m candle is interesting: price rose 2.85%, while volume surged to 2.26 times its usual level, pushing straight through the highs of the last 20 or so 5m candles. But OI is falling—down 1.08% on the 15m and 0.94% on the 1h—while notional is still rising. Combined with an aggressive trade imbalance of -11% and a buy/sell ratio of 0.80, this looks more like a rally driven by short covering than new longs entering. Note the price-volume divergence, but don’t rush to chase it.