INJ has been moving inside a clean descending channel for a while, but the last move is different. Price swept the channel support near 4.18 and then reacted strongly from the 4.48 to 4.76 demand zone. That demand area also matches the 0.618 to 0.786 retracement region, which often acts like a reversal zone when sellers start getting exhausted.
Right now the move looks like a possible short term trend shift, but the real confirmation comes from how price behaves around the next key level.
Key levels I am watching
Demand zone is 4.48 to 4.76
Support sweep level is 4.18
Confirmation level is 5.23
First major resistance target is 6.18
Next expansion target is 8.99
Simple plan
If price holds above the demand zone and pushes through 5.23 with strength, the bullish continuation case stays valid and 6.18 becomes the next major area to watch. If momentum stays strong after that, 8.99 becomes the bigger upside target.
Invalidation and risk
If INJ breaks down below 4.18, this recovery idea is invalid and it can open deeper downside toward 2.73.
Not financial advice. Always manage risk.
