Injective (INJ) is currently displaying distribution characteristics on its daily chart, signaling a potential shift toward lower support zones. With a sign of weakness (SOW) already visible, traders should prepare for possible downside continuation while keeping an eye on technical target levels.
🔎 Market Insight:
The daily chart suggests distribution with bearish pressure building. Price appears ready to move lower, and the highlighted support levels mark potential reaction zones for the next market move.
📌 Strategy Outlook:
Given current conditions, short setups may offer better risk-reward than long positions. Traders are advised to focus on disciplined risk management and adjust exposure according to individual appetite.
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