$INJ is trading within a clearly defined descending channel and shows a strong bearish continuation structure on the 1-hour and 4-hour timeframes..........

Sellers maintained full control after rejecting the supply zone 6.19, with aggressive distribution and increasing volume on each minor bounce..........

The price is now retesting the broken support 5.70 (now resistance) with clear exhaustion signals; as long as this level caps the rise, momentum strongly favors a decline to the lower liquidity zone..........

Trade setup (short)

Entry range: 5.58 – 5.65

Target 1: 5.51 (retest of the 24-hour low)

Target 2: 5.35

Target 3: 5.15

Stop-loss: 5.78

Risk management is recommended. The position is valid as long as the price remains below 5.70.

#INJ @Injective#injective $INJ

INJUSDT

Perp

5.693

-4.68%