What chart/data are you looking at? Sure, if the IND gets rejected (not likely IMO) we could sink for a bit while they work through the FDA concerns.
As it stands, we have very strong support in the mid .009s and there's a lot of people holding strong in the .01~.016 range. So, until we get news we're either going to hold where we're at or start moving up. And when the news drops, if we're approved (likely IMO), we're going to blast off to new highs.
It doesn't hurt to have money ready on the sidelines. But you're gonna kick yourself if this blasts off and you're chasing it.