Inj has been in a downtrend for more than a year, looks like the trendline has been broken. Movement of more than 10% occured today with volume. Looks like its getting ready for an upmove.
Buy after daily candle close above 1.53 if you want to enter early or you can wait for more volume to confirm the uptrend.
#INJ aggressively pushed higher and hits the strong resistance at $2.38 - $2.48. Currently, price drop down till strong support around $1.86 - $1.92. Right now, price is trying to break below this zone. Well, closing is still pending. Candle closes below, you can open short-sell position. Use low risk as of now.
@TradingFuturez I dont think it would break down the support at 1.8. If it doesn't close the daily candle below that then it would be in favour of another leg up to 2.7. This would also be confirmed if today's daily candle closes as the engulfing candle. On the other hand if it closes as a green candle without making a higher high than previous candle or a red candle below 1.8 then we can open short
#INJ aggressively pushed higher and hits the strong resistance at $2.38 - $2.48. Currently, price drop down till strong support around $1.86 - $1.92. Right now, price is trying to break below this zone. Well, closing is still pending. Candle closes below, you can open short-sell position. Use low risk as of now.