Rejection at Key Resistance on $INJ /USDT …! Bearish Continuation Setup

Short $INJ /USDT

Entry: 2.90 – 2.91

SL: 2.94

TP1: 2.88

TP2: 2.84

TP3: 2.78

TP4: 2.74

TP5: 2.66

Price is facing rejection near the 2.91 resistance zone, aligning with the higher timeframe bearish trend. The 4H structure remains weak with EMA ribbon trending downward, indicating sustained selling pressure.

Despite a short-term bullish crossover on MACD, price testing the upper Bollinger Band suggests exhaustion rather than strength. This increases the likelihood of a downside move as sellers defend resistance.

With overall structure favoring bears, this setup supports continuation toward lower targets, especially while price remains below 2.94.

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INJ

2.87

-0.93%