At this price, the bulls and bears are already at each other’s throats. $INJ dropped 10.95% in a day to 7.08, just a step away from the 24-hour low of 6.56. Anyone who was still above 8.00 yesterday is probably feeling pretty uneasy today.
Put simply: when it’s down 11% in a day and hovering near the low, the worst part isn’t the loss—it’s being stuck at this price. Sell now, and you’re afraid you’ll be selling at the bottom; hold on, and you’re afraid that if 6.56 breaks, there’ll be no floor.
I’m leaning toward sitting tight for now. After such a sharp drop, both buying the dip and chasing shorts could leave you getting hit from both sides. But if it climbs back above 8.00, I’ll change my mind immediately—that would mean the sellers have run out of steam.
At a level like this, would you step in now, or wait until it’s finished falling?
$INJ
#INJ #MarketAnalysis
Put simply: when it’s down 11% in a day and hovering near the low, the worst part isn’t the loss—it’s being stuck at this price. Sell now, and you’re afraid you’ll be selling at the bottom; hold on, and you’re afraid that if 6.56 breaks, there’ll be no floor.
I’m leaning toward sitting tight for now. After such a sharp drop, both buying the dip and chasing shorts could leave you getting hit from both sides. But if it climbs back above 8.00, I’ll change my mind immediately—that would mean the sellers have run out of steam.
At a level like this, would you step in now, or wait until it’s finished falling?
$INJ
#INJ #MarketAnalysis