📉 $INX short-term surge hides risks 🚨
Infinex surged 17.6% within 24 hours, with open interest rising 11.2% in parallel. It looks strong on the surface, but the situation is fraught with danger.
As one of the Kaito Pre-TGE projects, INX dropped 76% after the TGE, dealing a serious blow to market confidence. A sudden spike in the short term often accumulates a large amount of profit-takers; once sentiment turns, it may face heavy concentrated sell pressure.
⚠️ The bigger the short-term gain, the higher the pullback risk
⚠️ After the TGE, it has already been cut in half twice—be cautious when chasing
⚠️ Open interest has surged, intensifying the long-vs-short battle
At this level, it’s not recommended to blindly chase the rally. Don’t let short-term FOMO sweep you away. DYOR and manage your risk!
#Infinex
Infinex surged 17.6% within 24 hours, with open interest rising 11.2% in parallel. It looks strong on the surface, but the situation is fraught with danger.
As one of the Kaito Pre-TGE projects, INX dropped 76% after the TGE, dealing a serious blow to market confidence. A sudden spike in the short term often accumulates a large amount of profit-takers; once sentiment turns, it may face heavy concentrated sell pressure.
⚠️ The bigger the short-term gain, the higher the pullback risk
⚠️ After the TGE, it has already been cut in half twice—be cautious when chasing
⚠️ Open interest has surged, intensifying the long-vs-short battle
At this level, it’s not recommended to blindly chase the rally. Don’t let short-term FOMO sweep you away. DYOR and manage your risk!
#Infinex