Currently, I am working on INJECTIVE(INJ).
Acha project hay ye aur filhall iske short k chances hayn. magar abhi short na krna iske CHANCES hayn. jab hoga tb in sha ALLAH share krengy.
WHY it has bearish chances?
1) Price rejection zone par hay aur agar successfully reject hojaye to market nichy k 2 FVG(FAIR VALUE GAPs) fill krne ayegi aur liquidity grab kregi. yani logon k stoploss hit krwayegi.
2) RSI is oversold.
3) It is in a *Rising Wedge pattern*, jo k nichy ki trf breakout dene par $8.435 se $8.35 ko touch kr skta hay aur isko break krne k baad $7.5 k level ko touch kr skta hay agar volume bhi sath deta hay toh.
But, I am thinking ye oper ja kr liquidity sweep krega aur fakeout de skta hay.
After that, we can see downwards move