📈 $INJ 1H: WAITING LONG on a pullback in the 4H uptrend
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📊 State: On the 4H chart, price is above EMA50 (7.99) and EMA200 (7.86). The 1H chart pulled back to 7.954, sitting on its EMA200 (7.944) after rejecting at 8.443. Since Nov 9 price has chopped between 7.66 and 8.44.
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🎯 Activation: a 1H candle closes back above 8.10, reclaiming EMA20/50. Entry 8.10, only after that close.
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🛑 Stop 7.805 (swing low 7.856 − 0.3×ATR 0.171). Risk 0.295. The 7.94–7.97 shelf has been tested 3+ times, so I don't treat it as support.
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✅ TP1 8.55 = 1.5R (≈1.50R net)
✅ TP2 8.70 = 2.0R (≈2.01R net)
Net assumes ~0.1% round-trip taker fees, before slippage. Both targets need a break of the 8.44–8.53 highs.
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⚖️ Size = (1% of account) ÷ 0.295 per INJ. Confidence: low-medium (range). Cancel if a 1H candle closes below 7.805 first, or after 24h (Nov 12, 14:00 Riyadh).
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Not financial advice. DYOR.
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