INJ just printed an 18.8% candle with the 4H RSI at 87 — if that doesn't scare you, it should excite you. Here's why.
📊 The Setup:
Price at $6.546 with $24.3M volume (2.94x average — the highest volume ratio on my screen today). Daily MACD histogram expanding ($0.0495). SMA7 on the daily ($5.365) is now miles below as support, and price blew past SMA25 ($5.041) and SMA99 ($4.985) in a single move.
🧠 Why This Trade?
Extreme RSI readings with extreme volume = institutional accumulation, not retail panic buying. The daily chart shows INJ was consolidating between $5.0-$5.5 for weeks before this breakout. When a multi-week base breaks with 3x volume, the move typically extends 20-30% further.
📋 Trade Plan (LONG):
• Entry: $6.423 - $6.670 (buy the dip or breakout confirmation)
• Stop Loss: $6.052 (below the breakout level)
• TP1: $6.808 | TP2: $7.070 | TP3: $7.332
High RSI is not a sell signal when volume backs it up. It's a "get on board" signal.
❓ INJ to $7 this week — realistic or copium? Tell me what you think 👇
#INJ #Injective #DYOR
⚠️ This is not financial advice. Overbought conditions can snap back hard — use proper risk management.
📊 The Setup:
Price at $6.546 with $24.3M volume (2.94x average — the highest volume ratio on my screen today). Daily MACD histogram expanding ($0.0495). SMA7 on the daily ($5.365) is now miles below as support, and price blew past SMA25 ($5.041) and SMA99 ($4.985) in a single move.
🧠 Why This Trade?
Extreme RSI readings with extreme volume = institutional accumulation, not retail panic buying. The daily chart shows INJ was consolidating between $5.0-$5.5 for weeks before this breakout. When a multi-week base breaks with 3x volume, the move typically extends 20-30% further.
📋 Trade Plan (LONG):
• Entry: $6.423 - $6.670 (buy the dip or breakout confirmation)
• Stop Loss: $6.052 (below the breakout level)
• TP1: $6.808 | TP2: $7.070 | TP3: $7.332
High RSI is not a sell signal when volume backs it up. It's a "get on board" signal.
❓ INJ to $7 this week — realistic or copium? Tell me what you think 👇
#INJ #Injective #DYOR
⚠️ This is not financial advice. Overbought conditions can snap back hard — use proper risk management.