To be honest, take a calm look at the verification—those undercurrent signals are more reliable. I’ve been watching this $INJ order book all day. On the four-hour timeframe, the double-top structure is becoming clearer and clearer. But the volume just never keeps up with the rebound rhythm. What does this kind of divergence usually mean in the crypto market? Seasoned players all know. As for community sentiment, I don’t need to say more—after that incident, on-chain activity has visibly gone down, and funds don’t dare to rush in and take over the bag. Every time the price rebounds back near the previous high resistance zone, it gets knocked back. That shows the overhead selling pressure is real—not something retail traders can hold off.
When we do analysis, the worst is when the news side and the technical side go head-to-head. But this time, they’re both—rarely—pointing in the same direction, so the risk-reward naturally tilts toward the short side. Some people might say, “Since it has already dropped so much, shouldn’t we start buying the dip?” My view is: don’t rush to catch a falling knife. This kind of slow bleed is the most wearisome—each rebound has weaker strength than the last. Support looks close from afar, but once it’s really tested, it could break decisively. When we watch the chart, we need to focus on the big structure. As soon as the M-top pattern is confirmed, what follows is a trend move—not something that ends in just a day or two.
The signals I see on the chart are very clear: rebounds are an opportunity to reduce exposure, not a reason to enter. The market always rewards patience—there’s no rush; wait until the structure plays out before acting.
To look at the vastness from atop the mountains, to observe the slightest shifts of the market.
Travel together with Uncle Xiong, and see the tides of gain and loss.
#INJ
Click below to trade 👇
When we do analysis, the worst is when the news side and the technical side go head-to-head. But this time, they’re both—rarely—pointing in the same direction, so the risk-reward naturally tilts toward the short side. Some people might say, “Since it has already dropped so much, shouldn’t we start buying the dip?” My view is: don’t rush to catch a falling knife. This kind of slow bleed is the most wearisome—each rebound has weaker strength than the last. Support looks close from afar, but once it’s really tested, it could break decisively. When we watch the chart, we need to focus on the big structure. As soon as the M-top pattern is confirmed, what follows is a trend move—not something that ends in just a day or two.
The signals I see on the chart are very clear: rebounds are an opportunity to reduce exposure, not a reason to enter. The market always rewards patience—there’s no rush; wait until the structure plays out before acting.
To look at the vastness from atop the mountains, to observe the slightest shifts of the market.
Travel together with Uncle Xiong, and see the tides of gain and loss.
#INJ
Click below to trade 👇