🐋 $INJ broke above its six-month high of 8.692, with 24h trading volume rising to twice the daily average.
There are usually short stop-loss orders and sell orders from holders trapped at earlier prices above a period high. Such high volume means those orders are being absorbed. Once they’re cleared, if buying demand remains, the price action may become smoother; if buyers suddenly disappear, watch out for a spike followed by a pullback.
#INJ
There are usually short stop-loss orders and sell orders from holders trapped at earlier prices above a period high. Such high volume means those orders are being absorbed. Once they’re cleared, if buying demand remains, the price action may become smoother; if buyers suddenly disappear, watch out for a spike followed by a pullback.
#INJ