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. 🫡🧠
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.