INJ is up 11.74% today, with a trading volume of 11.7 million U and a current price of 7.785. The numbers look unremarkable, but the levels below are more worth watching.
The nearest resistance above is at 7.8 (+0.2%), and the nearest support below is at 7.7 (-1.1%). The total distance between them is less than 1.3%, making neither a long nor a short particularly worthwhile here.
The price is now near the top of its 24-hour range (87th percentile); chasing it here means providing exit liquidity for others. The trend signal is “bullish alignment,” based on the current price > MA7 > MA25 > MA60, with all short- and medium-term moving averages fanning upward.
41% of the market is up, so the broader market isn't at an extreme, and neither side has an advantage.
The long/short account ratio is 0.9376, with neither side at an extreme. The active buy/sell ratio is 51.3%, so the two sides are basically even, and neither has the upper hand.
The average daily volatility lately is 8.78% (about 0.68). Setting a stop-loss within that range is basically handing your money over to market noise.
Not investment advice. $INJ
The nearest resistance above is at 7.8 (+0.2%), and the nearest support below is at 7.7 (-1.1%). The total distance between them is less than 1.3%, making neither a long nor a short particularly worthwhile here.
The price is now near the top of its 24-hour range (87th percentile); chasing it here means providing exit liquidity for others. The trend signal is “bullish alignment,” based on the current price > MA7 > MA25 > MA60, with all short- and medium-term moving averages fanning upward.
41% of the market is up, so the broader market isn't at an extreme, and neither side has an advantage.
The long/short account ratio is 0.9376, with neither side at an extreme. The active buy/sell ratio is 51.3%, so the two sides are basically even, and neither has the upper hand.
The average daily volatility lately is 8.78% (about 0.68). Setting a stop-loss within that range is basically handing your money over to market noise.
Not investment advice. $INJ