$INJ rotating back into overhead supply and the bounce still feels heavy.
Trading Plan Short $INJ
Entry: 3.18 – 3.30
SL: 3.45
TP1: 3.05
TP2: 2.88
TP3: 2.70
$INJ has pushed into a prior breakdown zone, but the reaction lacks strength. The move up appears corrective rather than impulsive momentum is fading, volume isn’t expanding with price, and upside follow through has been limited.
Rejection wicks near resistance suggest sellers are actively defending this area.
There’s no confirmed structural shift yet.
Buyers haven’t shown sustained acceptance above supply, and each push higher looks like it’s being absorbed.
If this zone continues to cap price below 3.45, the draw likely shifts toward downside liquidity.
A move back through 3.05 opens the door toward 2.88, with 2.70 acting as the deeper base target if continuation expands.
For now, structure favors distribution into resistance rather than breakout risk clearly defined above the invalidation level
