$INJ: Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP INJ
Entry: $7.5100 - $7.5500
Stop Loss: $7.8500
Take Profit: $6.8900 (2R)
Key Levels: Support $7.2640 | Resistance $7.6950
Technical Analysis for $INJ: The price sits below the 9EMA while remaining above the 21EMA, indicating shortterm bearish pressure. MACD line is under its signal with a negative histogram, and Stochastic K (38) is under D (56), both pointing down. ADX at 52 confirms a strong trend, and the order book shows a slight sellside imbalance.
Market Context: BTCs 4hour chart remains bearish while the daily picture is mixed; overall market breadth is broadly negative, with a modest 0.38% bullish
SHORT $INJ
SHORT SETUP INJ
Entry: $7.5100 - $7.5500
Stop Loss: $7.8500
Take Profit: $6.8900 (2R)
Key Levels: Support $7.2640 | Resistance $7.6950
Technical Analysis for $INJ: The price sits below the 9EMA while remaining above the 21EMA, indicating shortterm bearish pressure. MACD line is under its signal with a negative histogram, and Stochastic K (38) is under D (56), both pointing down. ADX at 52 confirms a strong trend, and the order book shows a slight sellside imbalance.
Market Context: BTCs 4hour chart remains bearish while the daily picture is mixed; overall market breadth is broadly negative, with a modest 0.38% bullish
SHORT $INJ