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INJ - Wyckoff Distribution Backed with On Chain Data

@sanr_king
1 min read
28.12.2023

Amazing pair to short at this moment.


I have spotted a Wyckoff Distribution on the hourly chart with decreasing trading volume.

1 hour chart INJ/USD


Now let's jump into on-chain analysis:



Classic scenario; whales dumping into retail FOMO buyers.

Whales & Retail by Balance of Addresses


Big movement of coins moving at a profit.

NRPL


Social volume is declining, indicating reduced interest and a struggle to attract new buyers.:

Social Volume


Check my account on SanR to see if I am right on this prediction and stand a chance to win some SAN for Epoch 47!


SanR link: https://sanr.app/user/sanr_king

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