$INJ — The price has reached strong resistance. There is a high probability of a reversal downward.
Short $INJ
Entry point: $5.1–5.0
Stop-loss: $5.6
🎯 Targets:
TP1: $4.6
TP2: $4.2
TP3: $3.8
The price is testing an important resistance zone where buyer activity begins to weaken. If the bulls fail to hold above $5.1, sellers may once again take control of the initiative. In that case, a new downward wave is likely to develop, moving toward targets $4.6, $4.2 and $3.8.
Short $INJ
Entry point: $5.1–5.0
Stop-loss: $5.6
🎯 Targets:
TP1: $4.6
TP2: $4.2
TP3: $3.8
The price is testing an important resistance zone where buyer activity begins to weaken. If the bulls fail to hold above $5.1, sellers may once again take control of the initiative. In that case, a new downward wave is likely to develop, moving toward targets $4.6, $4.2 and $3.8.