INJ ran +10.6% while the market bled — but $8.38 still said no, with $157.8M fresh longs behind it.
I kept watching this one. $BTC tagged $66,456, $ETH slipped under $1,900, $INJ hit $8.376 — the wall from my last post, knocked twice, rejected twice.
What the chart doesn't show: open interest jumped 20% in a day to $157.8M, mostly new longs (CoinGlass, 03:05 UTC), futures volume doubled to $322M. Shorts took the hit — $706K of $1.16M liquidated. Funding +0.0038% per 8h is calm — fresh money testing a wall, not a crowded long.
Leaning long on the setup, not the price — longs are real, the wall is realer.
A daily close above $8.38 puts $8.44 (11 Nov high) next. Hold again and $7.91 gives way, then $7.46. Under $7.46, the green story ends.
Your number — does INJ close above $8.38 tonight, or $7.91 first?
Not financial advice. DYOR.
#INJ #Injective #CryptoMarket
I kept watching this one. $BTC tagged $66,456, $ETH slipped under $1,900, $INJ hit $8.376 — the wall from my last post, knocked twice, rejected twice.
What the chart doesn't show: open interest jumped 20% in a day to $157.8M, mostly new longs (CoinGlass, 03:05 UTC), futures volume doubled to $322M. Shorts took the hit — $706K of $1.16M liquidated. Funding +0.0038% per 8h is calm — fresh money testing a wall, not a crowded long.
Leaning long on the setup, not the price — longs are real, the wall is realer.
A daily close above $8.38 puts $8.44 (11 Nov high) next. Hold again and $7.91 gives way, then $7.46. Under $7.46, the green story ends.
Your number — does INJ close above $8.38 tonight, or $7.91 first?
Not financial advice. DYOR.
#INJ #Injective #CryptoMarket
