$INJ: Smart Money Distribution Visible on $INJ On-Chain Data
SHORT SETUP INJ
Entry: $7.8780 - $7.8840
Stop Loss: $8.1600
Take Profit: $7.3230 (2R)
Key Levels: Support $7.8670 | Resistance $8.0340
Technical Analysis for $INJ: MACD is negative and below its signal line, while RSI at 38 and Stochastic K/D around 21/16 signal weakening momentum. ADX ~25 shows a moderate trend. These readings favor a short bias near the 8.03 resistance. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC shows a slight 0.27% bullish move while the 4hour BTC trend remains bearish, keeping overall market breadth broadly positive.
SHORT $INJ
SHORT SETUP INJ
Entry: $7.8780 - $7.8840
Stop Loss: $8.1600
Take Profit: $7.3230 (2R)
Key Levels: Support $7.8670 | Resistance $8.0340
Technical Analysis for $INJ: MACD is negative and below its signal line, while RSI at 38 and Stochastic K/D around 21/16 signal weakening momentum. ADX ~25 shows a moderate trend. These readings favor a short bias near the 8.03 resistance. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC shows a slight 0.27% bullish move while the 4hour BTC trend remains bearish, keeping overall market breadth broadly positive.
SHORT $INJ