Long

$INJUSD Is Testing a Key Resistance Zone

Is Testing a Key Resistance Zone

INJ has been respecting a rising trendline while making higher lows. Buyers are still defending the trend, but the price is now sitting below a strong resistance that has rejected it several times before.

For me, the important level is 4.95 - 5.00. A strong 4H candle close above this area, followed by a successful retest, would be a good sign that buyers are taking control again.

If that confirmation happens, the next levels I will watch are 5.20 first, then 5.42. As always, I prefer waiting for confirmation instead of chasing the price.

❌ This bullish idea becomes invalid if the trendline breaks with strong selling pressure and the price closes below the 4.53 support.

บันทึก

Update: Bulls Are Still in the Game

INJ managed to break above the resistance, but the breakout didn't hold and the price pulled back shortly after. At first glance it looked bearish, but the important part is what happened next.

Instead of continuing lower, buyers stepped in and defended the rising trendline once again. That tells me the overall bullish structure is still alive, even though the breakout failed on the first attempt.

As long as this trendline keeps holding, I still believe buyers have another chance to push higher. Sometimes the first breakout fails before the real move begins, so there's no reason to panic yet.

For now, I'm staying patient and watching the reaction around the trendline. A strong bounce from here could give bulls another opportunity to challenge the resistance again.

Leo524

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Leo524

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