My roommate pointed at INITUSDT at midnight and asked, “It’s down 32%—should I buy the dip?”
I said they must think their health bar is way too full and are in a hurry to donate blood to the market makers for free.
At 0.155, the price is still nowhere near the support below. There are 1.5 times as many longs as shorts—everyone’s lining up to get wrecked.
Reaching out to catch a falling knife is just asking to get chopped. I’ll stay wrapped up in my blanket and watch from the sidelines.
#INIT #BinanceSquare
I said they must think their health bar is way too full and are in a hurry to donate blood to the market makers for free.
At 0.155, the price is still nowhere near the support below. There are 1.5 times as many longs as shorts—everyone’s lining up to get wrecked.
Reaching out to catch a falling knife is just asking to get chopped. I’ll stay wrapped up in my blanket and watch from the sidelines.
#INIT #BinanceSquare