$INJ - 1H,
is consolidating after a strong impulsive rally, with price currently approaching a potential supply zone.
A liquidity push toward $8.60–$8.72 could trigger a rejection, opening the door for a corrective move toward $7.78.
Losing this support would increase the probability of a deeper retracement toward $7.036.
Supply Zone: $8.60 – $8.72
Target 1: $7.78
Target 2: $7.50
Main Target: $7.036
Invalidation: Above $8.72 (1H close)
Watch for a liquidity sweep and lower-timeframe bearish confirmation around the supply zone before considering a short entry.
#Write2Earn
is consolidating after a strong impulsive rally, with price currently approaching a potential supply zone.
A liquidity push toward $8.60–$8.72 could trigger a rejection, opening the door for a corrective move toward $7.78.
Losing this support would increase the probability of a deeper retracement toward $7.036.
Supply Zone: $8.60 – $8.72
Target 1: $7.78
Target 2: $7.50
Main Target: $7.036
Invalidation: Above $8.72 (1H close)
Watch for a liquidity sweep and lower-timeframe bearish confirmation around the supply zone before considering a short entry.
#Write2Earn
