💪 INJ punches through $6 with 2.6x normal volume — and the longs are LOADED.
Price: $6.258 (+11.8%), 4H RSI at 74.2 (overbought), daily RSI at 71.2. MACD bullish on both timeframes. Price well above SMA7 4H ($6.11) and SMA25 4H ($5.34). L/S ratio at 1.79 — heavily long-biased positioning.
Why This Trade? INJ broke above its recent range with real volume behind it. The 4H structure is clean: price > SMA7 > SMA25, MACD histogram expanding positive (+0.071). Daily is also trending up. When both timeframes align bullish with surging volume, the trend usually has legs — even if 4H is already overbought.
📋 Trade Plan (LONG):
• Entry: $6.126 - $6.390
• Stop Loss: $5.731 (below SMA25 4H — structural invalidation)
• TP1: $6.508 | TP2: $6.759 | TP3: $7.009
Risk: L/S at 1.79 means crowded long side. If a flush comes, it'll be sharp. Wait for pullback to SMA7 4H (~$6.11) for better entry.
INJ to $7 or overbought trap? Your call 👇
#INJ #Injective #DYOR
⚠️ Not financial advice. Always DYOR and use proper position sizing.
Price: $6.258 (+11.8%), 4H RSI at 74.2 (overbought), daily RSI at 71.2. MACD bullish on both timeframes. Price well above SMA7 4H ($6.11) and SMA25 4H ($5.34). L/S ratio at 1.79 — heavily long-biased positioning.
Why This Trade? INJ broke above its recent range with real volume behind it. The 4H structure is clean: price > SMA7 > SMA25, MACD histogram expanding positive (+0.071). Daily is also trending up. When both timeframes align bullish with surging volume, the trend usually has legs — even if 4H is already overbought.
📋 Trade Plan (LONG):
• Entry: $6.126 - $6.390
• Stop Loss: $5.731 (below SMA25 4H — structural invalidation)
• TP1: $6.508 | TP2: $6.759 | TP3: $7.009
Risk: L/S at 1.79 means crowded long side. If a flush comes, it'll be sharp. Wait for pullback to SMA7 4H (~$6.11) for better entry.
INJ to $7 or overbought trap? Your call 👇
#INJ #Injective #DYOR
⚠️ Not financial advice. Always DYOR and use proper position sizing.