$INJ: Breaks Out of Falling Wedge Pattern: Targets Set Higher
LONG SETUP INJ
Entry: $7.7840 - $7.7960
Stop Loss: $7.4784
Take Profit: $8.4132 (2R)
Key Levels: Support $7.5360 | Resistance $7.9830
Technical Analysis for $INJ: INJ is holding just above the 9EMA and the 21EMA, with price near the 7.784 swing low. MACD histogram is positive and volume surged 89%, while the orderbook shows a 17% bid imbalance. RSI is neutral. Watch the 7.796 resistance; a break could target 8.34. A drop below 7.52 invalidates the setup.
Market Context: BTC remains in a bullish 4H and 1D trend, trading around $85.6k, supporting a broadly positive market backdrop.
LONG $INJ
LONG SETUP INJ
Entry: $7.7840 - $7.7960
Stop Loss: $7.4784
Take Profit: $8.4132 (2R)
Key Levels: Support $7.5360 | Resistance $7.9830
Technical Analysis for $INJ: INJ is holding just above the 9EMA and the 21EMA, with price near the 7.784 swing low. MACD histogram is positive and volume surged 89%, while the orderbook shows a 17% bid imbalance. RSI is neutral. Watch the 7.796 resistance; a break could target 8.34. A drop below 7.52 invalidates the setup.
Market Context: BTC remains in a bullish 4H and 1D trend, trading around $85.6k, supporting a broadly positive market backdrop.
LONG $INJ
