I’m looking at $INJ sitting almost exactly on the MA60 at 7.456, after recovering from the sharp drop toward 7.391. The bounce has been choppy, and price is now testing that moving average again around 7.457.
For me, the key is whether INJ can hold above the MA60 or gets rejected. A rejection around 7.456–7.475 would make the short setup more interesting, while a clean move above 7.475 would weaken it.
📍 Entry: 7.456–7.475
🎯 TP1: 7.433
🎯 TP2: 7.412
🎯 TP3: 7.391
🛑 Invalidation: Above 7.475
If price breaks and holds above 7.475, I’d step away from this setup because the MA60 rejection idea would be losing its structure.
I’m waiting for confirmation rather than forcing the trade here. The chart is still fairly choppy, so the reaction around the MA60 matters most.
For me, the key is whether INJ can hold above the MA60 or gets rejected. A rejection around 7.456–7.475 would make the short setup more interesting, while a clean move above 7.475 would weaken it.
📍 Entry: 7.456–7.475
🎯 TP1: 7.433
🎯 TP2: 7.412
🎯 TP3: 7.391
🛑 Invalidation: Above 7.475
If price breaks and holds above 7.475, I’d step away from this setup because the MA60 rejection idea would be losing its structure.
I’m waiting for confirmation rather than forcing the trade here. The chart is still fairly choppy, so the reaction around the MA60 matters most.