INJ slid for nearly two months from 5.48 dollars down to 3.95, and has now started to bounce from that level.
Price briefly broke the two-month low and immediately recovered, and at that same level two things overlapped: selling pressure weakening even as price fell further, and a rebound backed by real trading volume.
If 3.95 dollars gives way again, the whole idea that this is a bottom is wrong, so the stop-loss sits just below it at 3.88 dollars.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
