$INJ Trading Setup
Trend
INJ is still sliding in a steady downtrend on the 1h chart with price trading under all key moving averages.
Momentum
Momentum is weak but showing early signs of stabilizing after the wick at 5.66. Buyers are trying to slow the fall.
Support
Main support sits at 5.66. Below this zone, the next cushion is near 5.58.
Resistance
Immediate resistance is 5.75. Strong resistance waits at 5.90.
Entry Zones
Safer entry comes only on a bounce from 5.66. Aggressive traders look for confirmation above 5.75.
Next Move
If 5.66 holds, INJ can attempt a recovery toward 5.75 then 5.90. If it breaks, downside continuation opens toward 5.58.
INJ
5.47
-5.69%