$INJ 📉 INJUSDT: Will Yesterday’s Low Hold as Support?
INJ is showing strong bearish pressure on the 1H chart, currently trading around $7.726, down approximately 3.01%.
🔹 Key Support: $7.692 (Yesterday’s Low)
🔹 Resistance: $7.995
🔹 RSI (14): 33.92
What I'm Watching:
INJ is approaching yesterday’s low at $7.692, a key level to watch.
• Bullish Scenario: If price holds above $7.692 and shows a strong bullish reaction, a short-term recovery may develop.
• Bearish Scenario: If a 1H candle closes below $7.692 with selling pressure, further downside could follow.
RSI is approaching oversold territory, but that alone is not a buy signal.
My View: I’m watching the $7.692 level closely before considering any entry. Confirmation matters more than prediction.
What do you think? Will INJ bounce from support or break lower?
#INJ #INJUSDT #CryptoAnalysis #BinanceSquare #Trading
INJ is showing strong bearish pressure on the 1H chart, currently trading around $7.726, down approximately 3.01%.
🔹 Key Support: $7.692 (Yesterday’s Low)
🔹 Resistance: $7.995
🔹 RSI (14): 33.92
What I'm Watching:
INJ is approaching yesterday’s low at $7.692, a key level to watch.
• Bullish Scenario: If price holds above $7.692 and shows a strong bullish reaction, a short-term recovery may develop.
• Bearish Scenario: If a 1H candle closes below $7.692 with selling pressure, further downside could follow.
RSI is approaching oversold territory, but that alone is not a buy signal.
My View: I’m watching the $7.692 level closely before considering any entry. Confirmation matters more than prediction.
What do you think? Will INJ bounce from support or break lower?
#INJ #INJUSDT #CryptoAnalysis #BinanceSquare #Trading
