Trading Plan Short $INJ
$INJ flushed to the lower BB, currently bouncing off 4.63 support.
Entry: $4.63-$4.72
Stoploss: $4.82
Targets: $4.55 / $4.38 / $4.15
INJ sits below 1H EMAs, a clear resistance. Sellers are aggressive; taker sell volume dominates. Funding is neutral, but retail is short, top traders long — classic trap. The 1H BB is squeezing tight. This bounce is likely a retest for continuation down. Reclaim $4.82, short voided.
Trade $INJ here 👇
$INJ flushed to the lower BB, currently bouncing off 4.63 support.
Entry: $4.63-$4.72
Stoploss: $4.82
Targets: $4.55 / $4.38 / $4.15
INJ sits below 1H EMAs, a clear resistance. Sellers are aggressive; taker sell volume dominates. Funding is neutral, but retail is short, top traders long — classic trap. The 1H BB is squeezing tight. This bounce is likely a retest for continuation down. Reclaim $4.82, short voided.
Trade $INJ here 👇