#inj
INJ / USDT 4H Setup: Rejection at Swing High & Bearish Retracement Path! 📊
Hey Binance Square family! Let’s examine the latest structure on the INJ / USDT 4-Hour chart. INJ is currently trading around $8.01, testing upper resistance zones after facing rejection near key structural levels.
Here is the complete technical breakdown and trade setup for the upcoming sessions:
📉 Technical Analysis Breakdown
Market Context: After testing the major Swing High resistance zone, price failed to sustain bullish momentum, printing a structural shift and pointing toward a corrective move downward.
Price Action Structure: The chart highlights a clean breakdown path targeting lower liquidity pools and major institutional demand blocks down below.
🎯 Trade Setup Parameters
Asset / Pair: INJ / USDT (Binance 4H Chart)
Position Type: Short 🔴 (Counter-trend / Retracement play)
Entry Zone: $7.95 – $8.15 (Entering around current resistance retest levels)
Stop-Loss (SL): $8.90 (Placed safely above the recent swing high and structural rejection wick to invalidate the setup if bulls break out)
📉 Take-Profit (TP) Targets
Target 1: ~$7.20 (Initial local support / previous structural level marked on chart)
Target 2: ~$6.30 (Mid-range liquidity target)
Target 3: ~$5.26 (Major lower demand zone and primary support confluence)
🤔 What do you think, Binance Square?
Do you think INJ will retrace all the way down to Target 3, or will buyers defend the higher levels and bounce back up?
$INJ
Drop your thoughts and targets in the comments below! 👇💬
#INJ #Injective #CryptoTrading #BinanceSquare #TechnicalAnalysis #Altcoins #TradingSetup
INJ / USDT 4H Setup: Rejection at Swing High & Bearish Retracement Path! 📊
Hey Binance Square family! Let’s examine the latest structure on the INJ / USDT 4-Hour chart. INJ is currently trading around $8.01, testing upper resistance zones after facing rejection near key structural levels.
Here is the complete technical breakdown and trade setup for the upcoming sessions:
📉 Technical Analysis Breakdown
Market Context: After testing the major Swing High resistance zone, price failed to sustain bullish momentum, printing a structural shift and pointing toward a corrective move downward.
Price Action Structure: The chart highlights a clean breakdown path targeting lower liquidity pools and major institutional demand blocks down below.
🎯 Trade Setup Parameters
Asset / Pair: INJ / USDT (Binance 4H Chart)
Position Type: Short 🔴 (Counter-trend / Retracement play)
Entry Zone: $7.95 – $8.15 (Entering around current resistance retest levels)
Stop-Loss (SL): $8.90 (Placed safely above the recent swing high and structural rejection wick to invalidate the setup if bulls break out)
📉 Take-Profit (TP) Targets
Target 1: ~$7.20 (Initial local support / previous structural level marked on chart)
Target 2: ~$6.30 (Mid-range liquidity target)
Target 3: ~$5.26 (Major lower demand zone and primary support confluence)
🤔 What do you think, Binance Square?
Do you think INJ will retrace all the way down to Target 3, or will buyers defend the higher levels and bounce back up?
$INJ
Drop your thoughts and targets in the comments below! 👇💬
#INJ #Injective #CryptoTrading #BinanceSquare #TechnicalAnalysis #Altcoins #TradingSetup
