$INJ recorded a $70.1K short liquidation at $8.751, indicating that bearish positions were forced out as price moved higher. This provides a potential bullish catalyst, but sustainable continuation depends on whether buyers defend the reclaimed zone. SMC and ICT traders should watch for a bullish BOS, a clean retest, and a liquidity sweep that fails to push price lower. If momentum fades and price loses support, the move could transition into a rejection rather than a sustained rally.
📈 Trade Plan — Conditional LONG
Bias: LONG after bullish confirmation
Entry: $8.70–$8.80
TP1: $8.95
TP2: $9.15
TP3: $9.45
SL: $8.50
Risk-to-Reward: Approximately 1:1 to 1:3
Trade Grade: B (provisional)
Trade Thesis: The short liquidation offers evidence of buying pressure and potential short-covering momentum. A successful retest, higher low, and bullish structure break would support continuation. Confirm demand and volume before treating the setup as actionable.
Risk Management: Wait for confirmation, never chase the move, and size the position according to the stop distance.$INJ
📈 Trade Plan — Conditional LONG
Bias: LONG after bullish confirmation
Entry: $8.70–$8.80
TP1: $8.95
TP2: $9.15
TP3: $9.45
SL: $8.50
Risk-to-Reward: Approximately 1:1 to 1:3
Trade Grade: B (provisional)
Trade Thesis: The short liquidation offers evidence of buying pressure and potential short-covering momentum. A successful retest, higher low, and bullish structure break would support continuation. Confirm demand and volume before treating the setup as actionable.
Risk Management: Wait for confirmation, never chase the move, and size the position according to the stop distance.$INJ