$AERO This 15m move saw volume surge to 2.48x, pushing price above the upper boundary of the recent 20-candle 5m range. But OI is falling, while the 1h reading is still negative—volume up, price up, positions down: a classic short-covering rally, not fresh longs entering.
The active trade delta is +23.1%, the buy/sell ratio is 1.6, and the funding rate is still in a high percentile relative to recent levels, making it costly to chase longs. This setup could produce a short-term pop, but its staying power is questionable. Wait for OI to pull back and stabilize before reassessing; don’t try to catch a falling knife while funding is in a high percentile.
The active trade delta is +23.1%, the buy/sell ratio is 1.6, and the funding rate is still in a high percentile relative to recent levels, making it costly to chase longs. This setup could produce a short-term pop, but its staying power is questionable. Wait for OI to pull back and stabilize before reassessing; don’t try to catch a falling knife while funding is in a high percentile.