INJUSDT appears to be showing signs of weakness, and in my opinion, it's primed for a breakdown.The trend is clearly shifting to the downside, and it seems that the long-awaited distribution phase is coming to a close.
I've indicated potential target levels on the chart, and in a worst-case scenario, it could retrace all the way to the yearly open
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Trade closed: stop reached
Bad idea. Closed with a loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.