This plunge is like getting suddenly blocked by a blind date—I didn't even make it to backup option. $INIT got slashed by a quarter overnight. I just watched from the sidelines; didn't lift a finger.
We're just a thin sheet of paper away from that lower line. There are nearly twice as many shorts as longs, and with funding this negative, shorting is basically paying someone else. I don't think it's fallen far enough yet; nobody's buying into this sharp drop.
I've given up. I can't even be bothered to check the market app anymore.
Are you stuck holding the line above 0.14, or waiting to buy in around 0.136?
#INIT #BinanceSquare
We're just a thin sheet of paper away from that lower line. There are nearly twice as many shorts as longs, and with funding this negative, shorting is basically paying someone else. I don't think it's fallen far enough yet; nobody's buying into this sharp drop.
I've given up. I can't even be bothered to check the market app anymore.
Are you stuck holding the line above 0.14, or waiting to buy in around 0.136?
#INIT #BinanceSquare