Much attention to the movement that just left $INJ on the 1H and 4H charts. We had a fairly aggressive sweep that ended up breaking through the daily MA25 ($7.318) and printing a local low at $6.455. A quick capitulation that has left the asset in an extremely oversold zone in the very short term.
What’s interesting about this bearish lash is that it created a huge inefficiency gap (FVG) between $6.50 and $7.20 that price typically moves back to rebalance. With the current price hovering around $6.48 – $6.52 and showing a deceleration wick on 1H, the stage is set for a high-volatility relief bounce toward the MA7 ($6.878) and the $7.18 to $7.40 range.
Here’s the structured tactical plan to trade the reaction:
🔹 Asset: $INJ (INJ/USDT pair)
🟢 MAIN PLAN (LONG ON REBOUND IN FVG / OVERSOLD):
Entry Zone: $6.48 – $6.52 USDT (Entry at current price after the absorption wick)
Stop Loss (SL): $6.32 USDT (Invalidation below the $6.455 low with a safety margin)
TP1 (1 Hour): $6.88 USDT (Direct retest of the MA7 on 1H)
TP2 (2 to 3 Hours): $7.18 USDT (Matches the FVG fill on 4H and prior support)
TP3 (4 Hours): $7.40 USDT (Test of the broken daily MA25)
🔴 ALTERNATIVE SCENARIO (SHORT ON REJECTION AT RESISTANCE):
Entry Trigger: Clear rejection with a wick in the $6.90 – $7.15 USDT zone
Stop Loss (SL): $7.35 USDT
TP1: $6.45 USDT (Retest of the lows) | TP2: $5.90 USDT
🛡️ RISK MANAGEMENT:
1% Rule: Scale the position so that if the price hits the Stop Loss ($6.32), the total loss does not exceed 1% of your available balance.
Mandatory Stop Loss: Place the protective order at $6.32 USDT at the exact moment you open the trade.
Break-Even Protection: As soon as TP1 ($6.88) is reached, sell 50% to lock in profit and move the remaining Stop Loss to the exact entry price.
Let me know your take in the comments and we’ll discuss it! 💬👇
What’s interesting about this bearish lash is that it created a huge inefficiency gap (FVG) between $6.50 and $7.20 that price typically moves back to rebalance. With the current price hovering around $6.48 – $6.52 and showing a deceleration wick on 1H, the stage is set for a high-volatility relief bounce toward the MA7 ($6.878) and the $7.18 to $7.40 range.
Here’s the structured tactical plan to trade the reaction:
🔹 Asset: $INJ (INJ/USDT pair)
🟢 MAIN PLAN (LONG ON REBOUND IN FVG / OVERSOLD):
Entry Zone: $6.48 – $6.52 USDT (Entry at current price after the absorption wick)
Stop Loss (SL): $6.32 USDT (Invalidation below the $6.455 low with a safety margin)
TP1 (1 Hour): $6.88 USDT (Direct retest of the MA7 on 1H)
TP2 (2 to 3 Hours): $7.18 USDT (Matches the FVG fill on 4H and prior support)
TP3 (4 Hours): $7.40 USDT (Test of the broken daily MA25)
🔴 ALTERNATIVE SCENARIO (SHORT ON REJECTION AT RESISTANCE):
Entry Trigger: Clear rejection with a wick in the $6.90 – $7.15 USDT zone
Stop Loss (SL): $7.35 USDT
TP1: $6.45 USDT (Retest of the lows) | TP2: $5.90 USDT
🛡️ RISK MANAGEMENT:
1% Rule: Scale the position so that if the price hits the Stop Loss ($6.32), the total loss does not exceed 1% of your available balance.
Mandatory Stop Loss: Place the protective order at $6.32 USDT at the exact moment you open the trade.
Break-Even Protection: As soon as TP1 ($6.88) is reached, sell 50% to lock in profit and move the remaining Stop Loss to the exact entry price.
Let me know your take in the comments and we’ll discuss it! 💬👇