$HOT This move has something behind it. 15m volume is up 4.2x, the aggressive buy/sell ratio is 1.64, and price has pushed straight through the upper bound of the last 20 5m candles—not a fake-out wick, but a climb backed by volume.
More importantly, OI: +0.73% over 15m, +1.44% over 1h, at the 97.4th percentile—second-highest across the entire pool. Price rising alongside OI is a classic sign of new leveraged longs entering, not a one-off short squeeze.
24h trading volume is only a little over 8M, so the pool isn’t very deep. OI has kept surging for several consecutive periods at this scale, suggesting that capital is steadily adding to positions rather than making a quick hit and running. The 22% difference in aggressive trades also favors buyers.
Of course, small caps can shoot up fast and dump just as quickly. A 97.4th percentile reading means it’s already entered extreme territory. Whether to chase is up to your risk appetite; I’m just laying out what the chart shows.
More importantly, OI: +0.73% over 15m, +1.44% over 1h, at the 97.4th percentile—second-highest across the entire pool. Price rising alongside OI is a classic sign of new leveraged longs entering, not a one-off short squeeze.
24h trading volume is only a little over 8M, so the pool isn’t very deep. OI has kept surging for several consecutive periods at this scale, suggesting that capital is steadily adding to positions rather than making a quick hit and running. The 22% difference in aggressive trades also favors buyers.
Of course, small caps can shoot up fast and dump just as quickly. A 97.4th percentile reading means it’s already entered extreme territory. Whether to chase is up to your risk appetite; I’m just laying out what the chart shows.