Something is holding $INJ down here 👀
Price bounced from $5.745, but the recovery is still weak. The 1H Supertrend sits at $6.139 and the price is trading below it.
Resistance: $6.06 to $6.14
Support: $5.88 and $5.745
TP1: $5.88
TP2: $5.745
TP3: $5.70
The order book is slightly heavy at 58.74%, so sellers still have the edge.
If $6.06 gets rejected, I’d expect another test of $5.745.
A clean reclaim of $6.14 would change the setup.
#Write2Earn
Price bounced from $5.745, but the recovery is still weak. The 1H Supertrend sits at $6.139 and the price is trading below it.
Resistance: $6.06 to $6.14
Support: $5.88 and $5.745
TP1: $5.88
TP2: $5.745
TP3: $5.70
The order book is slightly heavy at 58.74%, so sellers still have the edge.
If $6.06 gets rejected, I’d expect another test of $5.745.
A clean reclaim of $6.14 would change the setup.
#Write2Earn
