$INJ /USDT BEARISH BREAKDOWN IMMINENT — SELL PRESSURE DOMINATES BELOW SUPPORT
Immediate Market Move:
$INJ/USDT is showing signs of weakness as it struggles below the key support level of $11.16, now turning into resistance. The failed attempts to reclaim higher levels like $11.80 and $11.90 indicate strong selling pressure, suggesting a potential move toward lower support zones. Volume remains light on rebounds, hinting at exhaustion from buyers.
🔻 Trade Setup (Short Entry):
Entry: $11.16 - $11.20
Take Profits (TP): $10.80 / $10.50 / $10.20
Stop Loss (SL): $11.65
📉 Market Outlook:
INJ is currently locked in a descending structure with lower highs and lower lows, which confirms a short-term bearish trend. A break below $11.00 could accelerate the move down. Bulls need a strong close above $11.90 to regain momentum.
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