๐ฅ $INJ 1H Analysis: Smart Money Distribution or Just a Healthy Pullback Before Expansion?
โฐ Timeframe Analyzed: 1 Hour (1H) Only
๐ Market Bias: Bullish with Short-Term Cooling
$INJ remains structurally bullish on the hourly chart after reclaiming all major moving averages and printing a strong impulsive move from 4.53 โ 5.15. The current retracement appears corrective rather than a confirmed trend reversal, but bulls must defend the psychological 5.00 area.
๐ฏ Trade Setup
๐ข LONG Setup (Preferred)
Entry Zone: 4.98 โ 5.02
Stop Loss: 4.91
๐ฏ Targets:
TP1: 5.15
TP2: 5.28
TP3: 5.45
Risk : Reward: 1:2.1 โ 1:5
Trade Invalidation:
A confirmed 1H candle close below 4.91 would invalidate the bullish continuation scenario and increase downside risk toward the MA99 region.
๐ด SHORT Setup (Conditional)
Entry Trigger: Strong rejection from 5.15 - 5.18 resistance or a confirmed breakdown below 4.91.
Stop Loss: 5.20
๐ฏ Targets:
TP1: 4.82
TP2: 4.70
TP3: 4.53
#ฤฐNJ #INJ #InjectiveCoin #INJUSDT.P #INJCoin
โฐ Timeframe Analyzed: 1 Hour (1H) Only
๐ Market Bias: Bullish with Short-Term Cooling
$INJ remains structurally bullish on the hourly chart after reclaiming all major moving averages and printing a strong impulsive move from 4.53 โ 5.15. The current retracement appears corrective rather than a confirmed trend reversal, but bulls must defend the psychological 5.00 area.
๐ฏ Trade Setup
๐ข LONG Setup (Preferred)
Entry Zone: 4.98 โ 5.02
Stop Loss: 4.91
๐ฏ Targets:
TP1: 5.15
TP2: 5.28
TP3: 5.45
Risk : Reward: 1:2.1 โ 1:5
Trade Invalidation:
A confirmed 1H candle close below 4.91 would invalidate the bullish continuation scenario and increase downside risk toward the MA99 region.
๐ด SHORT Setup (Conditional)
Entry Trigger: Strong rejection from 5.15 - 5.18 resistance or a confirmed breakdown below 4.91.
Stop Loss: 5.20
๐ฏ Targets:
TP1: 4.82
TP2: 4.70
TP3: 4.53
#ฤฐNJ #INJ #InjectiveCoin #INJUSDT.P #INJCoin