$1000PEPE surged 3.41% in 15m, with volume jumping to 7.6x. The closing price broke above the highs of the last 20 5m candles—an obvious move edging toward a historically extreme range.
OI’s anomaly percentile is 99.6%: #44 across the entire pool, #8 for notional change, and it’s been going nonstop for several consecutive periods. Price up + OI up means new leveraged longs are driving the move. But aggressive trade delta is -1.9% and the buy/sell ratio is 0.96, so there isn’t that much chasing at the highs. The volume buildup looks more like someone was sweeping in early.
I wouldn’t feel comfortable touching it at this level: an extreme range + high-volume air pocket could mean either a continued short squeeze or one wick that sends it right back to square one. If you’re already in a position, keep an eye on the 5m structure and don’t get shaken out.
OI’s anomaly percentile is 99.6%: #44 across the entire pool, #8 for notional change, and it’s been going nonstop for several consecutive periods. Price up + OI up means new leveraged longs are driving the move. But aggressive trade delta is -1.9% and the buy/sell ratio is 0.96, so there isn’t that much chasing at the highs. The volume buildup looks more like someone was sweeping in early.
I wouldn’t feel comfortable touching it at this level: an extreme range + high-volume air pocket could mean either a continued short squeeze or one wick that sends it right back to square one. If you’re already in a position, keep an eye on the 5m structure and don’t get shaken out.
