$INJ is currently in a correction phase after a strong move, with the price gaining around 31% last week.
Now the key question is whether this pullback finds buyers at the nearby support zone.
đą Short-term support: $5.30â$5.20
If this zone holds strongly, the correction could remain healthy and we may see bullish trend continuation back toward $6.00.
But if $5.20 breaks, the next downside extension could be around:
đ» $4.90 â first extension zone
đ» $4.70
đ» $4.40â$4.10 â deeper correction zone
For now, $5.20 is the key level to watch.
Hold â possible recovery toward $6 đ
Lose â correction can extend toward $4.90 and lower.
Don't chase the bounce blindly â the reaction around $5.20â$5.30 should tell us a lot.
Now the key question is whether this pullback finds buyers at the nearby support zone.
đą Short-term support: $5.30â$5.20
If this zone holds strongly, the correction could remain healthy and we may see bullish trend continuation back toward $6.00.
But if $5.20 breaks, the next downside extension could be around:
đ» $4.90 â first extension zone
đ» $4.70
đ» $4.40â$4.10 â deeper correction zone
For now, $5.20 is the key level to watch.
Hold â possible recovery toward $6 đ
Lose â correction can extend toward $4.90 and lower.
Don't chase the bounce blindly â the reaction around $5.20â$5.30 should tell us a lot.
