$MON This 15m move came crashing down on 2.6x volume. Aggressive selling was quite intense (buy/sell ratio 0.52), but OI didn't really collapse along with it. It looks more like longs are deleveraging in an orderly way, rather than shorts building large positions. Price broke below the lower bound of the last 20 or so 5m candles, and volume picked up too. At this point, it could be either a shakeout or the start of the next leg. For now, let's watch whether price can reclaim the range.
