$INJ hit TP1!
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--ブリッシュ
mikeywick
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ブリッシュ⚠️ $INJ Consolidation at MA99 Support! Rebound to $8.20+ or Fakeout? 🧐
I’m monitoring INJ/USDT on the 1-hour timeframe; the price is currently consolidating tightly around 7,998 after briefly touching the daily high of 8,692.
The price movement is currently held just above the MA99 support line (7,899). The Stochastic RSI indicator on the 1H chart is beginning to show signs of an upward reversal (~68). However, to confirm the continuation of the bullish momentum, $INJ needs to break through the nearest resistance at the MA25 line (8,069).
Trade Plan : BUY/LONG
Entry : 7.900 - 8.010
TP1 : 8.210
TP2 : 8.480
TP3 : 8.690
SL : 7.750
Technical Analysis :
1. Critical Resistance: A 1-hour candle close above 8,070 is the primary trigger for confirming the pump.
2. Invalidation Level: If the 1-hour candle closes below 7,750, this bounce scenario is considered invalid.
Trade $INJ 👇
#CryptoAnalysis #TechnicalAnalysiss #TradingPlan
I’m monitoring INJ/USDT on the 1-hour timeframe; the price is currently consolidating tightly around 7,998 after briefly touching the daily high of 8,692.
The price movement is currently held just above the MA99 support line (7,899). The Stochastic RSI indicator on the 1H chart is beginning to show signs of an upward reversal (~68). However, to confirm the continuation of the bullish momentum, $INJ needs to break through the nearest resistance at the MA25 line (8,069).
Trade Plan : BUY/LONG
Entry : 7.900 - 8.010
TP1 : 8.210
TP2 : 8.480
TP3 : 8.690
SL : 7.750
Technical Analysis :
1. Critical Resistance: A 1-hour candle close above 8,070 is the primary trigger for confirming the pump.
2. Invalidation Level: If the 1-hour candle closes below 7,750, this bounce scenario is considered invalid.
Trade $INJ 👇
#CryptoAnalysis #TechnicalAnalysiss #TradingPlan