$INJ ｜Breaking above the 8 level
Before looking at capital flows, first understand the key price levels.
Previous highs and lows are the most commonly used reference points: past experiences of being unable to rise above or fall below those levels can influence decisions when the price reaches them again.
The first pullback after a breakout is often seen as a litmus test: if the price can hold above the level, the idea that resistance has turned into support is more convincing.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#INJ
Before looking at capital flows, first understand the key price levels.
Previous highs and lows are the most commonly used reference points: past experiences of being unable to rise above or fall below those levels can influence decisions when the price reaches them again.
The first pullback after a breakout is often seen as a litmus test: if the price can hold above the level, the idea that resistance has turned into support is more convincing.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#INJ