Can volume surge sustain a breakout above the prior range high?
$INJ gained 9.54% over 24 hours to trade at $9.28 on $20.87M in volume. The latest hourly volume jumped to 2.69x the 23-hour average as price pushed past the previous $9.18 high.
Strong volume expansion signals genuine participation rather than a low-liquidity spike. However, entering after a sharp displacement increases the risk of a retracement back toward the $8.44 range low.
Will you wait for a higher low to confirm strength, or does a failure back inside the range invalidate the breakout?
Tap $INJ for the live chart. #INJ #BinanceSquare
$INJ gained 9.54% over 24 hours to trade at $9.28 on $20.87M in volume. The latest hourly volume jumped to 2.69x the 23-hour average as price pushed past the previous $9.18 high.
Strong volume expansion signals genuine participation rather than a low-liquidity spike. However, entering after a sharp displacement increases the risk of a retracement back toward the $8.44 range low.
Will you wait for a higher low to confirm strength, or does a failure back inside the range invalidate the breakout?
Tap $INJ for the live chart. #INJ #BinanceSquare