INJ Breakdown in Play Eyeing the Neckline for Precision Shorts

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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. 🫡🧠

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