$LAB This move dropped nearly 3% in 15 minutes, and volume exploded to 7x. But what really caught my attention was OI—it kept falling on both the 15m and 1h charts, with notional value down by over 300k U and the abnormal percentile hitting 100%. This isn't shorts adding to their positions and driving the price down; it's longs retreating, with stop-losses and deleveraging piling up at the same time.
Price has already broken below the low of the last 20 or so 5m candles. Aggressive trade imbalance is -22.8%, the buy/sell ratio is 0.63, and selling pressure is in control. This is a typical long-deleveraging setup, nothing new. Don't rush to buy the dip here—wait for OI to stabilize first.
Price has already broken below the low of the last 20 or so 5m candles. Aggressive trade imbalance is -22.8%, the buy/sell ratio is 0.63, and selling pressure is in control. This is a typical long-deleveraging setup, nothing new. Don't rush to buy the dip here—wait for OI to stabilize first.