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$INJ - Price analysis:
The current price remain pretty bearish [HTF] 📉
A dump toward le lower 5.50$ key suport zone could be see!
Compare to many others
#alts , the bullish pressure remain weak.
The current price is neutral. -short term.
Monitor the bearish channel in my second chart.
Seeing another bearish continuation move make sense. (7.50 - 6.80 - 6.00 - 5.50$)
Local support zone to be maintained:
8.75 - 9.00$
Upper key resistance that could be tested again:
10.30 - 10.90 - 12.20 - 12.50$
I shared both setup, in case of bullish breakout above 10.30$ , it will surely lead to a move upward toward the 12.00$ area! 📈
At the moment, I don't recommend to trade inside this zone, but to wait for H1 - H4 candle close on both side to confirm a breakout.
#INJ #TradingCommunity