$INJ: Moving Average Death Cross Signals Downward Trend for $INJ
SHORT SETUP INJ
Entry: $8.1000 - $8.1600
Stop Loss: $8.4500
Take Profit: $7.4900 (2R)
Key Levels: Support $7.9400 | Resistance $8.1630
Technical Analysis for $INJ: MACD sits below its signal with a negative histogram, and price is under the 9, 21 and 50EMA, indicating bearish momentum. RSI at 44.9 and Stochastic around 43 further suggest downside pressure. With ADX low, the trend lacks strength, but the pair respects the 8.163 resistance as a swing high level.
Market Context: Bitcoin is in a bearish 4hour and daily trend, with price around $75,349 and EMAs sloping lower. Overall market breadth is broadly
SHORT $INJ
SHORT SETUP INJ
Entry: $8.1000 - $8.1600
Stop Loss: $8.4500
Take Profit: $7.4900 (2R)
Key Levels: Support $7.9400 | Resistance $8.1630
Technical Analysis for $INJ: MACD sits below its signal with a negative histogram, and price is under the 9, 21 and 50EMA, indicating bearish momentum. RSI at 44.9 and Stochastic around 43 further suggest downside pressure. With ADX low, the trend lacks strength, but the pair respects the 8.163 resistance as a swing high level.
Market Context: Bitcoin is in a bearish 4hour and daily trend, with price around $75,349 and EMAs sloping lower. Overall market breadth is broadly
SHORT $INJ
