INJ Price Correction Presents Opportunity for Bulls!

Corrections are inevitable in trading, challenging every trader and investor at some point. Navigating this phase requires a solid approach to analysis, timing, and, importantly, managing risk, capital, and emotions.

When a cryptocurrency experiences a correction—where the price moves opposite to the entry point—emotions can cloud decision-making.

The key question becomes: When should you close a position, and when might it be advantageous to buy more?

Daily time frame analysis

INJUSD - 1 Day Time Frame

For the Injective cryptocurrency, recent price movements have signaled a shift toward bullish momentum, potentially marking a favorable buying opportunity at a discounted value. Although the price trend had been bearish for a while, the past few days suggest renewed upward strength.

Internal bullish structures, highlighted in orange on the chart, provide additional support for this buying setup. A critical resistance zone has emerged on the daily timeframe, and overcoming this zone will confirm the viability of buy positions.

This resistance currently stands as the primary hurdle between the current price and a potential upswing.

INJ price target

If the price closes above this resistance, it would trigger a buy signal, along with a protective Stop Loss order as shown in the chart. Setting target levels is equally crucial.

Our recommended profit-taking points align with previous highs, where a high concentration of Buy-Side Liquidity exists due to accumulated Stop orders.