$IDOL This drop looks less like a short attack and more like longs pulling out first. The 15m chart is down 4.46%, with volume nearly twice the usual level. The aggressive trade delta is -13%, and the buy/sell ratio is 0.77, suggesting the selling pressure is mainly coming from aggressive sellers. But OI is also falling along with the price: the 1h notional value is down by 1.31M, which is typical of deleveraging, stop-losses, or position reductions—not new shorts entering to drive the price down. The price closed below the lower bound of the recent 20-bar 5m range, so the next thing to watch is whether buyers step in at this level. Drops driven by position reductions usually don't go too deep, but don't rush to buy the dip either—first see whether volume starts to ease.
