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$INJ — local pullback after strong pump, correction setup forming
📊 Technical analysis
After a strong 20% daily pump and full extension of the intraday volume impulse, price is starting to reject from the 6.1 resistance zone. The move looks overheated in the short term.
On 4H, a bearish engulfing candle appeared near the local top, signaling seller activity after the breakout. On 15m, a head and shoulders structure is forming, suggesting the market may enter a deeper retracement phase before the next major move.
On the daily timeframe, the broader structure resembles a developing cup and handle pattern. The current pullback may be shaping the “handle” phase — often a corrective leg before continuation if key support holds.
💡 Technical scenario 👇
🎯 Pullback zone: 5.2 → 4.8 → 4.2
🎯 Main support: 4.2
🎯 Mid-term bullish target after rebound: 8.9
⛔ Invalidation: daily close below 4.0
👀 The current rejection from 6.1 may be the start of the handle formation. If price reaches the 4.2 support and buyers absorb selling pressure there, it could become the launch zone for the next expansion toward 8.9.
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