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distributionbreak
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$INJ โ BEARISH BREAKDOWN ๐ฅ
Trading Plan
Short $INJ (8x leverage)
Entry: 5.220 โ 5.250 โก
SL: 5.360๐
TP: 5.100 โ
TP: 5.000 โ
TP: 4.880 โ
INJ CRUSHED into distributionโfunding rate deeply NEGATIVE at -0.0128% (shorts massively profitable), price making lower highs into pump = classic bear trap. Taker volume weak, no conviction. Top trader shorts still dominant (1.25 positions, 1.51 accounts) and COVERING profitably = no squeeze. OI EXPLODING into weakness (4.40M โ 4.53M) = longs getting trapped at resistance. Liquidation map dense at 5.0โ5.2 zone = long stops cascade downward. Price action choppy with multiple CHoCH = shorts in control. Basis negative, structure broken.
Trade $INJ here ๐
#INJUSDT #BinanceFutures #BearTrap #DistributionBreak #ShortBias
Trading Plan
Short $INJ (8x leverage)
Entry: 5.220 โ 5.250 โก
SL: 5.360๐
TP: 5.100 โ
TP: 5.000 โ
TP: 4.880 โ
INJ CRUSHED into distributionโfunding rate deeply NEGATIVE at -0.0128% (shorts massively profitable), price making lower highs into pump = classic bear trap. Taker volume weak, no conviction. Top trader shorts still dominant (1.25 positions, 1.51 accounts) and COVERING profitably = no squeeze. OI EXPLODING into weakness (4.40M โ 4.53M) = longs getting trapped at resistance. Liquidation map dense at 5.0โ5.2 zone = long stops cascade downward. Price action choppy with multiple CHoCH = shorts in control. Basis negative, structure broken.
Trade $INJ here ๐
#INJUSDT #BinanceFutures #BearTrap #DistributionBreak #ShortBias
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