$INJ JUST CLOSED A WEEKLY BREAKOUT
INJ just closed a weekly candle above the major resistance around $7.28.
That caught my attention.
What makes this move more interesting is the bigger structure. Since the 2022 bottom, INJ has formed a higher low and then spent a long time consolidating before finally breaking above resistance.
That gives this breakout more context. It’s not just a sudden move out of nowhere. The market first stopped making lower lows, built a base, and now pushed through a level that had been holding price back.
For now, the main thing I’m watching is whether
INJ can hold the breakout zone.
If buyers defend this area, the next major level on my chart is around $16.46.
A retest of the breakout would not surprise me either. In fact, that could be a healthy move if the $7.28 area turns into support.
So the setup is pretty clear to me: 2022 higher low, long consolidation, and now a weekly close above resistance.
The structure is improving, but I’m not treating one weekly candle as confirmation of a straight move higher.
This is a chart I’ll be watching closely.
Not a recommendation to buy or sell $INJ . Always do your own research.
INJ just closed a weekly candle above the major resistance around $7.28.
That caught my attention.
What makes this move more interesting is the bigger structure. Since the 2022 bottom, INJ has formed a higher low and then spent a long time consolidating before finally breaking above resistance.
That gives this breakout more context. It’s not just a sudden move out of nowhere. The market first stopped making lower lows, built a base, and now pushed through a level that had been holding price back.
For now, the main thing I’m watching is whether
INJ can hold the breakout zone.
If buyers defend this area, the next major level on my chart is around $16.46.
A retest of the breakout would not surprise me either. In fact, that could be a healthy move if the $7.28 area turns into support.
So the setup is pretty clear to me: 2022 higher low, long consolidation, and now a weekly close above resistance.
The structure is improving, but I’m not treating one weekly candle as confirmation of a straight move higher.
This is a chart I’ll be watching closely.
Not a recommendation to buy or sell $INJ . Always do your own research.
