$INJ Down 10% in 24 hours... but does volume support a continuation, or is it a trap? 📉
The price is at $7.13, down sharply by 10.25%, while the volume ratio is only 0.41—less than half—which suggests a lack of conviction among major sellers and could simply be the liquidation of weak positions on the 15-minute timeframe.
Most likely scenario: a limited corrective bounce toward the $7.30–$7.35 area to test moving-average resistance, provided genuine volume appears. Otherwise, the downtrend remains firmly in control.
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$INJ
This content is not investment advice. Do your own research (DYOR).
The price is at $7.13, down sharply by 10.25%, while the volume ratio is only 0.41—less than half—which suggests a lack of conviction among major sellers and could simply be the liquidation of weak positions on the 15-minute timeframe.
Most likely scenario: a limited corrective bounce toward the $7.30–$7.35 area to test moving-average resistance, provided genuine volume appears. Otherwise, the downtrend remains firmly in control.
Follow us for more 🚀
$INJ
This content is not investment advice. Do your own research (DYOR).