🚀 $INJ IS TRYING TO CONFIRM A MAJOR WEEKLY BREAKOUT
$INJ has finally pushed above the big weekly resistance around $7.28.
Now the important part is the weekly close.
If price closes and holds above this level, the breakout becomes much stronger and the bullish scenario stays alive.
But if this turns into an SFP and $INJ closes back below resistance, I’d expect a deeper reset first.
The main area I’m watching is the 0.618 Fib around $5.70.
A pullback into that zone, followed by consolidation, would be completely healthy in my view.
From there, $INJ could build a stronger base before trying to move higher again.
So for me, the roadmap is simple.
Weekly close above resistance = continuation scenario.
SFP back below = likely retrace toward $5.70 first, then reassess.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy or short $INJ. Always do your own research.
$INJ has finally pushed above the big weekly resistance around $7.28.
Now the important part is the weekly close.
If price closes and holds above this level, the breakout becomes much stronger and the bullish scenario stays alive.
But if this turns into an SFP and $INJ closes back below resistance, I’d expect a deeper reset first.
The main area I’m watching is the 0.618 Fib around $5.70.
A pullback into that zone, followed by consolidation, would be completely healthy in my view.
From there, $INJ could build a stronger base before trying to move higher again.
So for me, the roadmap is simple.
Weekly close above resistance = continuation scenario.
SFP back below = likely retrace toward $5.70 first, then reassess.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy or short $INJ. Always do your own research.
