INJ · 1H · UPTREND

The previous short from the 6.00–6.12 zone was stopped out — price blew through 6.44 and never looked back, running all the way to 8.20+ on this chart. That stop-out was the signal the bulls had taken control, and the daily trend was already telling me the same thing. What I'm looking at now is a nearly vertical impulse from the 5.40 lows all the way to 8.20, a move of roughly 52% in a very short window. Price is currently sitting at 7.876, pulling back inside that impulse after tagging the highs visible on this chart. The structure is bullish — higher highs, higher lows, daily trend confirmed up — but I'm not chasing into an extended vertical move without a clean re-entry level.

The pullback from 8.20 is healthy so far. I need to see where it wants to find a floor. The 7.27 zone is a dense liquidation cluster below current price and aligns with what looks like the last meaningful consolidation before the final leg up — that's my target re-entry area. The 7.08 cluster below that is the deeper flush scenario. I'm not interested in a mid-range long here at 7.876 with no structural anchor beneath me — I'm letting this come to me.

The 7.95 and 8.09 clusters directly above are the immediate magnets if price stabilizes here, but with a dense cluster sitting at 7.87 almost exactly at current price, there's a real risk of a sweep lower before any continuation. I'm not buying into a liquidation cluster from above — that's the wrong side of the trade.