🎯 MONITORING AND CORRECTION: The Real Situation of the Injective Chart ($INJ )
This post is a crucial correction and an act of transparency. The "Potential Analysis" on the $INJ published yesterday was based on incorrect price data, which led to a bullish breakout thesis that did not reflect the reality of the chart.
The Real Situation of the Chart:
Injective ($INJ) is actually in a short-term downtrend, trading in the range of ~$10.53. The price is working below the moving averages and recently tested a low at ~$8.95. The current scenario is one of consolidation after an initial recovery, and not of a bullish breakout.
Lesson of the Day:
The quality of a technical analysis depends 100% on the accuracy of the data. An incorrect price data point leads to a completely wrong strategic conclusion, reinforcing the vital importance of always confirming levels in real time before charting any plan.
Future Analysis:
With the correct data, the focus on $INJ changes. The challenge now is to form a higher low than the previous one ($8.95) and try to break the local resistance at ~$11.67 to reverse the downtrend.
