$INJ this 15m move is a bit brutal—after a 10x order sweep, it dropped 2.4%. OI also fell by 3%, and the notional decreased by over 1.5 million U.
$INJ is not a brand-new short entry; it looks like someone couldn’t hold on and is getting out. The price broke below the lows of the past ~20 five-minute candles, with active trade imbalance at -6.3%, buy/sell ratio at 0.88, and sell pressure pushing.
A structure like $INJ —an all-pool abnormal percentile pushed to 100%, with OI dropping for several consecutive cycles—more resembles aftershocks after longs deleveraged. Don’t rush to catch it; wait for the volume to shrink, then take another look.
$INJ is not a brand-new short entry; it looks like someone couldn’t hold on and is getting out. The price broke below the lows of the past ~20 five-minute candles, with active trade imbalance at -6.3%, buy/sell ratio at 0.88, and sell pressure pushing.
A structure like $INJ —an all-pool abnormal percentile pushed to 100%, with OI dropping for several consecutive cycles—more resembles aftershocks after longs deleveraged. Don’t rush to catch it; wait for the volume to shrink, then take another look.