$INJ Futures leverage surged to $164 million, while the current price is 7.8, up just 4.39%.
Tokens are flowing off exchanges, while derivatives exposure is climbing sharply. It looks like holders are accumulating, while short-term traders are chasing the rally.
The Fear and Greed Index is at 61. At these levels, it’s best to keep positions small and scale in gradually, while holding onto cash. If you really want to get involved, wait for a pullback with stronger support.
If you’re aiming for the leaderboard in the futures tournament, practice with a small position separately. Don’t treat the event as a reason to trade the market.
Which side are you on in this move, $INJ ? Net outflows: vote 1; leveraged traders chasing highs: vote 2.
#Write2Earn #BinanceSquare #INJ Futures #TradingTournament
Tokens are flowing off exchanges, while derivatives exposure is climbing sharply. It looks like holders are accumulating, while short-term traders are chasing the rally.
The Fear and Greed Index is at 61. At these levels, it’s best to keep positions small and scale in gradually, while holding onto cash. If you really want to get involved, wait for a pullback with stronger support.
If you’re aiming for the leaderboard in the futures tournament, practice with a small position separately. Don’t treat the event as a reason to trade the market.
Which side are you on in this move, $INJ ? Net outflows: vote 1; leveraged traders chasing highs: vote 2.
#Write2Earn #BinanceSquare #INJ Futures #TradingTournament