INJ - Descending Channel
INJ has recently entered a bearishn trading channel. price managed to bounce from the lower bound but it is showing weakness in its rebound.
If the lower bound gets broken down, there is room from further downside.
if the price manages to bounce back, it will have to fend off the upper bound of the channel before confirming the upward trend. Upper bound represents a good entry point for further short position
If the lower bound gets broken down, there is room from further downside.
if the price manages to bounce back, it will have to fend off the upper bound of the channel before confirming the upward trend. Upper bound represents a good entry point for further short position
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