$INJ — IS THE BULLISH MOMENTUM STARTING TO FADE?
After a strong 20% rally, $INJ is facing resistance near $9.40. Price is now hovering around $9.07, and buyers may need more strength to push the rally higher.
SHORT SETUP
Entry Zone: $9.05–$9.15
Take Profit 1: $8.85
Take Profit 2: $8.65
Take Profit 3: $8.45
Invalidation Level: $9.40
I'm keeping a close eye on the $9.00 support level. If sellers manage to push price below it, we could see a move toward $8.85, followed by $8.65 and potentially $8.45.
However, if $INJ reclaims $9.40 with strong buying pressure, this bearish scenario could lose validity.
After such a sharp move upward, a correction is possible, but confirmation is needed before calling a reversal.
Will sellers step in, or does INJ have enough strength for another leg up?
After a strong 20% rally, $INJ is facing resistance near $9.40. Price is now hovering around $9.07, and buyers may need more strength to push the rally higher.
SHORT SETUP
Entry Zone: $9.05–$9.15
Take Profit 1: $8.85
Take Profit 2: $8.65
Take Profit 3: $8.45
Invalidation Level: $9.40
I'm keeping a close eye on the $9.00 support level. If sellers manage to push price below it, we could see a move toward $8.85, followed by $8.65 and potentially $8.45.
However, if $INJ reclaims $9.40 with strong buying pressure, this bearish scenario could lose validity.
After such a sharp move upward, a correction is possible, but confirmation is needed before calling a reversal.
Will sellers step in, or does INJ have enough strength for another leg up?