Yo guys, $INJ just got absolutely smashed from 6.11 down to 5.30 and now chilling at 5.41 after a tiny dead-cat bounce. That’s a 13% flush in hours, volume spiked on the way down but dried up completely on the green wick—classic distribution + panic sell-off. We’re sitting right on the yearly open / big round 5.40 zone with bids stacking underneath and the bleed slowing down.
I’m going LONG here for the oversold bounce. This is a revenge trade on the shorts.
Entry: 5.38 – 5.45 (grab it now or on a quick retest of 5.35)
Stop Loss: 5.28 (if we lose today’s low the bears win again, I’m out fast)
Targets:
1st → 5.65-5.70 (quick 5-6%, peel 50%)
2nd → 5.90-6.00 (back to the breakdown zone, take most)
3rd → 6.20+ if shorts get squeezed hard (trail the rest)
Hold max 6-18 hours. Layer1/Layer2 names always snap back viciously after this kind of flush, especially when BTC is stabilizing.
Risk/reward is stupid good at 1:4+ right now. Easy dip-buy setup.
Not telling you to ape, just what I’m doing—size small, but yeah… feels like free upside from here 📈
(If 5.28 cracks clean I flip short instantly, but right now the tape says bounce)$INJ #injective @Injective
