$INJ Short selling signal for USDT pair - bearish rejection from a local resistance area!

The INJ token faced a sharp rejection from the resistance level of $12.38 after forming a lower high.

The price is now retracing from its daily highs, indicating bearish pressure on the lower time frames (15 minutes).

This setup suggests a likelihood of continued decline towards key support levels.

Sellers are showing strength at the mid-range resistance level, with multiple failed attempts to break through $12.40.

If the trading volume drops below $12.20, expect further declines.

Use tight stop-loss orders and consider taking late profits as the price approaches the support area at $12.10.

Trading Setup:

Entry Price: $12.28

Target 1: $12.09

Stop Loss: $12.38

Trade from here$INJ

#CEXvsDEX101 #TradingTypes101 #FTXRefunds #TrumpMediaBitcoinTreasury #PCEMarketWatch