🌙 We end the day with this review, the market is recovering after the fall!

According to INJ we see a classic layout. A strong downtrend brought us to the border of a local minimum. The price has already broken through Weak Low, collecting liquidity below $3.90.

So far the price remains at $3.97. If the buyer gets involved here, you can expect an aggressive rebound on the short squeeze, since many people placed stops right behind this level.

‼️ Two key scenarios:
- Rebound. If the current lows hold, the nearest supply zones are at $4.50 and then at $4.80. This will be a counter-trend move, but potentially very fast.
- Continuation. If sellers hold out and the price consolidates below $3.90, we will see a further decline to $3.80 for final capitulation.

The structure still remains bearish, so longs are now an increased risk. We work strictly from confirmation.