$INJ 1-hour chart.
People asking if it's an accumulation zone…
Honestly, it kinda looks like one, but it's still early.
You've got:
strong support around the lows
sideways price action after a dump
buyers stepping in on dips
That's usually where smart money starts absorbing supply.
But, the real confirmation is:
higher lows
a clean breakout above the range
volume coming in on green candles
Right now it looks more like potential accumulation than confirmed accumulation.
Key level to watch: if price loses the support zone again, this could just be a pause before another leg down. If it breaks the range highs with volume, that's when it gets interesting.