$INJ volume doubled in the last hour, signaling high-conviction volatility.
The asset is down 13.22% to $6.936, reflecting significant intraday pressure. Recent activity shows a massive spike in liquidity, with hourly volume hitting 2.03x the daily average.
A bullish scenario requires a clean reclaim of the $8.25 hourly high to negate current selling momentum. Conversely, failing to hold the $6.56 hourly low would invalidate the recent recovery attempt.
Do you view this volume spike as a capitulation bottom or a trap before further downside?
Tap $INJ for the live chart. #INJ #BinanceSquare
The asset is down 13.22% to $6.936, reflecting significant intraday pressure. Recent activity shows a massive spike in liquidity, with hourly volume hitting 2.03x the daily average.
A bullish scenario requires a clean reclaim of the $8.25 hourly high to negate current selling momentum. Conversely, failing to hold the $6.56 hourly low would invalidate the recent recovery attempt.
Do you view this volume spike as a capitulation bottom or a trap before further downside?
Tap $INJ for the live chart. #INJ #BinanceSquare