$INJ — 1H 👀
INJ just tagged $8.69… but is this pullback quietly setting up the next move?
The structure has improved nicely. INJ moved from $7.47 → $8.69, reclaimed the $7.79 Supertrend, and is now cooling around $8.23 instead of giving back the entire move.
Key levels:
🔴 Resistance: $8.69 → $8.75
🟢 Support: $8.00 → $7.79 → $7.67
Cleaner setup:
Entry: $8.00–$8.15 on a clean retest
SL: $7.72
TP1: $8.69
TP2: $9.00
TP3: $9.40
I wouldn’t chase after the move into $8.69. A healthy retest around $8.00–$8.15 would give a much cleaner risk setup.
One thing to respect: the order book is showing 63.14% asks vs 36.86% bids, so sellers are still sitting overhead.
A clean 1H close above $8.69 would be the confirmation I’d want for continuation.
Bias: constructive while $7.79 holds.
#Write2Earn #Injective🔥
INJ just tagged $8.69… but is this pullback quietly setting up the next move?
The structure has improved nicely. INJ moved from $7.47 → $8.69, reclaimed the $7.79 Supertrend, and is now cooling around $8.23 instead of giving back the entire move.
Key levels:
🔴 Resistance: $8.69 → $8.75
🟢 Support: $8.00 → $7.79 → $7.67
Cleaner setup:
Entry: $8.00–$8.15 on a clean retest
SL: $7.72
TP1: $8.69
TP2: $9.00
TP3: $9.40
I wouldn’t chase after the move into $8.69. A healthy retest around $8.00–$8.15 would give a much cleaner risk setup.
One thing to respect: the order book is showing 63.14% asks vs 36.86% bids, so sellers are still sitting overhead.
A clean 1H close above $8.69 would be the confirmation I’d want for continuation.
Bias: constructive while $7.79 holds.
#Write2Earn #Injective🔥
