quietly watching $INJ, with roughly 36x on the setup, just rejected again, so the short side makes more sense here
Price structure is leaning upward: the faster average remains above the slower trend line. The nearby map is support around 7.866 and overhead resistance close to 8.25. INJ is 8.58% higher over 24 hours and is trading around 8.043. RSI is 46.4, a fairly balanced reading that leaves the next price reaction to decide direction. The short idea depends on sellers defending the entry zone, not simply on price falling quickly. Participation is still light at 0.6x average volume; I would not treat this as confirmed momentum yet.
Short setup | Spot chart | 15M
Entry: 8.038â8.067
TP1: 7.811 / TP2: 7.61 / TP3: 7.408
Stop Loss: 8.271
#INJ #binance #Write2Earn #Crypto
Price structure is leaning upward: the faster average remains above the slower trend line. The nearby map is support around 7.866 and overhead resistance close to 8.25. INJ is 8.58% higher over 24 hours and is trading around 8.043. RSI is 46.4, a fairly balanced reading that leaves the next price reaction to decide direction. The short idea depends on sellers defending the entry zone, not simply on price falling quickly. Participation is still light at 0.6x average volume; I would not treat this as confirmed momentum yet.
Short setup | Spot chart | 15M
Entry: 8.038â8.067
TP1: 7.811 / TP2: 7.61 / TP3: 7.408
Stop Loss: 8.271
#INJ #binance #Write2Earn #Crypto
