Step 1
$INJ
Whale activity
Step 2
Short squeeze potential via whale support
Step 3
INJ is showing signs of a potential reversal as whale support enters the bid. This setup targets a squeeze against current short positioning.
Bias:
Bullish short-term reversal attempt.
Trade Plan
Entry: 5.581
SL: 5.556
TP: 5.615
Market Evidence:
• Whale support detected at key levels.
• Funding is negative, creating potential for a short squeeze.
• Ignition signal firing for a potential reentry.
Risk:
• Declining Open Interest suggests a lack of broad market conviction.
Watch:
Monitor for a clean break above local resistance to confirm the squeeze.
#INJ #CryptoTrading #PriceAction
$INJ
Whale activity
Step 2
Short squeeze potential via whale support
Step 3
INJ is showing signs of a potential reversal as whale support enters the bid. This setup targets a squeeze against current short positioning.
Bias:
Bullish short-term reversal attempt.
Trade Plan
Entry: 5.581
SL: 5.556
TP: 5.615
Market Evidence:
• Whale support detected at key levels.
• Funding is negative, creating potential for a short squeeze.
• Ignition signal firing for a potential reentry.
Risk:
• Declining Open Interest suggests a lack of broad market conviction.
Watch:
Monitor for a clean break above local resistance to confirm the squeeze.
#INJ #CryptoTrading #PriceAction
