$INJ: Liquidation Squeeze: Bears Trapped Near Critical Resistance
LONG SETUP INJ
Entry: $8.5600 - $8.6000
Stop Loss: $8.2600
Take Profit: $9.2200 (2R)
Key Levels: Support $8.4790 | Resistance $9.1840
Technical Analysis for $INJ: Price sits above the 9, 21 and 50EMA, confirming bullish bias. Stochastic K (22) crossing above D (19) signals upward momentum, while ADX at 27 confirms a solid trend. Together, these indicators favor LONG continuation toward resistance. Positive momentum and trend readings give this setup a clear bullish structure. The nearby support and resistance levels frame the current market structure.
Market Context: BTC is in a bullish daily trend and the broader market is broadly positive, supporting upside bias for risk assets.
LONG $INJ
LONG SETUP INJ
Entry: $8.5600 - $8.6000
Stop Loss: $8.2600
Take Profit: $9.2200 (2R)
Key Levels: Support $8.4790 | Resistance $9.1840
Technical Analysis for $INJ: Price sits above the 9, 21 and 50EMA, confirming bullish bias. Stochastic K (22) crossing above D (19) signals upward momentum, while ADX at 27 confirms a solid trend. Together, these indicators favor LONG continuation toward resistance. Positive momentum and trend readings give this setup a clear bullish structure. The nearby support and resistance levels frame the current market structure.
Market Context: BTC is in a bullish daily trend and the broader market is broadly positive, supporting upside bias for risk assets.
LONG $INJ