INJ/USDT Analysis
〽️ The Head and Shoulders pattern has broken down successfully, confirming a bearish structure.
💠We anticipate a potential relief bounce towards the $11 region which aligns closely with the neckline retest zone. This area is likely to act as a liquidity trap, where institutional sellers may re-enter aggressively 👀.
🎯 Key downside targets remain at
1. $8.98
2. $8.03
3. $6.92
Strategic Plan 🎖️
Look to initiate short positions around the neckline retest near $11, as the risk-reward becomes increasingly favorable from that level.
Trade with discipline. Let the structure lead the execution. 🫡🧠
〽️ The Head and Shoulders pattern has broken down successfully, confirming a bearish structure.
💠We anticipate a potential relief bounce towards the $11 region which aligns closely with the neckline retest zone. This area is likely to act as a liquidity trap, where institutional sellers may re-enter aggressively 👀.
🎯 Key downside targets remain at
1. $8.98
2. $8.03
3. $6.92
Strategic Plan 🎖️
Look to initiate short positions around the neckline retest near $11, as the risk-reward becomes increasingly favorable from that level.
Trade with discipline. Let the structure lead the execution. 🫡🧠
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.